ALGAE S.A acts as a pioneer in its field in Europe, by making a private investment, utterly unique, in the field of food biotechnology, that of spirulina’s plantation and production. The company was established in 1996 in Therma Nigrita-Serres, and the investment took place in 1997, as part of the European program LEADER and has been awarded as the most Innovative Idea in Greece for 1998.

The biomass of spirulina is being produced in specially made greenhouses, which are actually open raceway pond cultivation systems in controlled conditions. The production system is based on a photosynthetic process that takes place due to the proper use of the rich in carbon dioxide, high temperature geothermal fluids of the region and nutritional elements, contained in pure artesian, groundwater. ALGAE S.A holds the only large scale commercial production of spirulina in Europe.

Spirulina, or else the "miracle seaweed", is an edible microalga which either grows naturally in lakes of high alkalinity or in controlled environments, inside greenhouses in the form of tanks. Spirulina offers a wide range of beneficial properties for both humans and the natural environment. The first recorded incident of the use of spirulina is chronologically placed in 1521, when troops of the Spanish conquerors, observed the plantation, production and use of spirulina in the lake Texcoco, by the Aztecs.
 It is also said that spirulina constitutes a "green factory” which can contribute significantly to the sustainable development of a country and the ecological production of a variety of products, such as nutritional supplements, as an innovative pet supplement, as an ingredient in personal cosmetic products, for the preparation of bioactive compounds with pharmaceutical properties, even for the preparation of specific chemicals, used as reagents in biology and medicine.
Spirulina is an excellent nutritional supplement since it is a low-calorie source of protein, very low in fat and cholesterol-free. Moreover spirulina’s complex synthesis of protein and vitamins, imparts it with even more beneficial properties. It acts as an antioxidant and according to studies it shows anticancer effects. It also has anti-viral properties; it contributes to the strengthening of the immune system and improves allergic reactions like asthma attacks.
Spirulina’s production is also beneficial for the natural environment, as to be produced, it only requires land, water (not necessarily potable), sunlight and carbon dioxide. Hence by the consumption of carbon dioxide, one of the major factors of the greenhouse effect is drastically reduced in the area of the plantation.