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All blood donations are processed and available for use usually within 24 hours. Whole blood is processed into components (red blood cells, platelets, plasma). After processing, the red blood cells can be stored for 42 days.
Donated blood lasts for around 35 days as whole blood collected into a bag with anticoagulant and additives which help keep the blood cells alive (dextrose, phosphate and citrate). Plasma that is separated off can be frozen (at minimum -25 degrees Celcius) and kept for one year.