21 Oct 2019 --- Spain-based biotechnology company AlgaEnergy, specializing in microalgae, has launched a new, in-house R&D project, called PhycoAlgae. The endeavor seeks to design a novel process of production, extraction, concentration, purification and stabilization of phycocyanin, derived from blue-green microalgae. Phycocyanin is a valuable protein with numerous properties, including being a 100 percent natural blue dye. The ingredient also has therapeutic, antioxidant, antifungal and antiviral properties, therefore its potential application expands to many industries, including nutrition and cosmetics.