; charset=UTF-8" /> Valensa, Parry launch JV with Indian partner on phycocyanin development - Oilgae Blog

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Valensa, Parry launch JV with Indian partner on phycocyanin development

February 13th, 2018 | No Comments | Posted in algae chemicals, Algae for food, Algae Non fuel products, Alliances

Florida-based Valensa International and parent company EID Parry have announced a new joint venture to develop new ingredients and non-GMO certifications on existing algae products.

The joint venture is with Indian flavour, fragrance and food colour ingredients producer Synthite Industries. The agreement includes a $6.5 million investment to establish a new plant for the extraction of Parry Organic Spirulina to produce phycocyanin, which Valensa will be developing for dietary supplements, functional foods and medical foods.

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