Durrant takes on CFO role at expanding MiAlgae – Daily Business

MiAlgae, the Edinburgh-based biotech company, has named Simon Durrant as its chief financial officer.

Mr Durrant is a former investment director at the University of Edinburgh’s Old College Capital (OCC) and brings over a decade of financial experience in high-growth and sustainability-focused businesses.

A chartered accountant with a BA in Economics from the University of Cambridge, he has a background spanning strategic consultancy, accountancy, and early-stage investment.

Douglas Martin, CEO of MiAlgae said: “Simon’s strategic mindset and deep financial expertise will be invaluable as we scale our operations, expand internationally, and reinforce our role as a global leader in sustainable biotechnology.”

Mr Durrant added: “MiAlgae’s vision for sustainability and what the team has already achieved is inspiring. It’s rare to find a solution that is so compelling from both an environmental and economic perspective, so I couldn’t resist the opportunity to join at such a critical and exciting stage of the journey.”

The company, which repurposes whisky industry byproducts to grow microalgae as a sustainable, cost-effective alternative to fish-derived Omega-3s, recently announced plans for a new production facility at Grangemouth which could create up to 100 jobs.