Click here for more information about Algenuity
Click here for more information about Liqofluxphenometrics515R1
Visit cricatalyst.com!Evodos Separation Technology Check out more of The Buzz spacer

Parry Nutraceuticals and Synthite partner for phycocyanin

June 30, 2017
AlgaeIndustryMagazine.com

The new partnership will merge spirulina cultivation experience with expertise in the extraction of natural products, to serve the phycocyanin market.

Parry Nutraceuticals, a division of EID Parry and part of the Murugappa Group in India, has forged a partnership with India’s Synthite Industries, to apply proprietary patented technologies for extraction of phycocyanin, a natural blue pigment found in spirulina.

“With this partnership we are complementing our established expertise in organic spirulina cultivation of more than two decades with Synthite Industries’ proven track record of leadership and technical expertise in extraction of natural products,” said Mr. Muthu Murugappan, Business Head of Parry Nutraceuticals. “This is a part of our NPD strategy to launch value added products based on microalgae to secure strong market share in niche segments. We are looking at gaining a market share of 20% over the next two years in this segment.”

Natural blue is difficult to master and has very limited sources that are acceptable by regulatory bodies. Phycocyanin, extracted from spirulina, is approved by all major regulatory bodies in the USA, EU, Japan and South Korea as a food color. Phycocyanin also offers excellent stability and flexibility for applications in a variety of food and beverages as a health supplement.

Synthite Industries, a global leader in spice oleoresins and other plant-derived natural product solutions with a strong presence in the natural color segment, will focus on that market. Parry Nutraceuticals, a marketer of nutritional supplements in over 35 countries will continue catering to the human nutrition segment.

More Buzz…

HOME A.I.M. Archives

Copyright ©2010-2018 AlgaeIndustryMagazine.com. All rights reserved. Permission required to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

twittertopbarlinks_eventstopbarlinks_requesttopbarlinks_archives

From The A.I.M. Archives

— Refresh Page for More Choices
Algatech has announced the opening of Algatech Inc., a New York City-based subsidiary created to serve the North American market. The company has appointed Ken Seguine to...
The recent announcement by the U.S. Department of Energy (DOE) of three projects to receive up to $8 million, aimed at reducing the costs of producing algal biofuels and ...
Memory Maninga reports for Zambia Daily Mail that in Mansa, the capital of the Luapula Province of Zambia, spirulina is being grown in ponds in the communities because of...
The Department of Energy has just announced $22 million in funding through the Advanced Research Projects Agency-Energy (ARPA-E) for 18 innovative projects as part of the...
UC San Diego students and researchers have produced the world’s first algae-based, renewable flip flops. The first prototypes of their new invention, developed over the s...
Colorado State University scientists and Arizona State University’s Arizona Center for Algae Technology and Innovation are partners in a three-year grant of up to $3.5 mi...
Jeff Gelsky writes in Meat+Poultry that Corbion executives have given insights on how its September 29 acquisition of TerraVia Holdings Inc., an algae-based ingredients c...
The Utah Science Technology and Research (USTAR) initiative, a technology-based economic development program funded by the state of Utah, has awarded a $175,320 grant for...
42 Technology has been appointed by LabXero, acoustic particle filtration technology company, to help develop pilot-scale biomanufacturing equipment that could significan...
Cody Nelson writes for MPRNews.org that a team of University of Minnesota-Duluth researchers wanted to know how shortening winters — and less ice cover on lakes — might i...
The Natural Algae Astaxanthin Association (NAXA), headquartered in Spring, Texas, has announced that Chile-based Atacama Bio is its newest executive member. Atacama Bio h...
The Algae Biomass Organization (ABO) reports the introduction of the Algae Agriculture Act of 2018 (H.R. 5373), a bill that would give algae cultivators and harvesters ma...