Sneakers Made Using Algae
smithsonianmag.com
smithsonianmag.com
All in all, this is probably a small issue. Potential barriers to scaling are that algal blooms form randomly, the need for solar drying, and whether the material actually holds up to use as well as the current foams we use. I'd even question that this is more sustainable than regular foam production until they do a full life cycle analysis of the process.
I agree that the business model hinges on the efficiency at which they can filter and remove water. The minimum concentration of algae per volume that they can profitably extract determines the areas available to harvest from. The article quotes one pair per 57 liters of water, which seems like the location they used must contain a pretty dense concentration of algae (>5 g/L of usable polymer).
Relevant in the same area: https://www.dezeen.com/2015/07/08/adidas-parley-sports-shoe-... (Adidas reveals first shoe made out of recycled ocean waste)
Re: sports, I note the company's website https://www.vivobarefoot.com/ lists a number of sports shoes, suggesting they have some experience of this area.
There are so many uses for polymer foam, I think this has amazing potential. Maybe it doesn't work out in energy terms, but it is a great idea to try