Noble Tech Inc. Announces $20-Million, 50,000-Square-Foot Clean Tech Algae Plant In Peterborough

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Peterborough-based start-up Noble Tech, parent company to Noble Purification, has announced plans for a $20 million, 50,000-square-foot production facility, offering sustainable solutions for wastewater treatment, nutritional and pharmaceutical sectors while expanding Ontario’s green economy.

Noble Tech Inc. founder Adam Noble announced the plans for the company’s growth Monday (February 8th) at Trent University—with a goal to become the premier tenant of the new Trent Research and Innovation Park.

“We see algae differently. We want to create a more sustainable future," Noble says. "We are going to change the way the world treats water and we want to do that right here in Peterborough."

Noble Tech Inc. is a next generation bioproducts company with a goal to create a more sustainable future. It researches, cultivates and markets unique microalgae strains and their derivatives for various market applications from wastewater treatment to nutritional products, and eventually, pharmaceuticals.

Noble Tech plans to begin construction on its new facility in Spring 2017. The new facility will have a capacity to produce more than 10,000 tonnes of algae per year. The timing is dependent on the construction of servicing to the Trent Research and Innovation Park by the City of Peterborough and Trent University, and the City of Peterborough finalizing the management structure for the park.

Noble currently employs six people with plans to grow its team to 12 people in 2016. When Noble’s new research and production facility is completed, its workforce is projected to increase to 25 positions.

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