Capital efficient, asset light business modelFormulationMicroalgae transgenesis R&D & IP InhouseProduction via PartnersB2B sales to F&B producersAlgae growing & oil accumulationOil extractionFat (and/or) lipids as IngredientPotentially also via partners No capital intensive infrastructure nor branding and distribution Here I want to emphasize on the ‘limited amount’ of capital which will be required. Hence important to note 2 things: 1. we don’t produce internally (no investment in capital intensive assets) 2. we will not invest in extensive brand/marketing campaigns associated with CPG. We will be a b2b model.