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American company SolixAlgridients and Rosnano opened a R&D center in Russia. At the first stage, the center will produce polyunsaturated fatty acids and skin care products based on microalgae growing in Buryatia and the Far East
American company will collect algae for producing new-generation antibiotics in Buryatia
American company SolixAlgridients and Rosnano opened a R&D center in Russia. At the first stage, the center will produce polyunsaturated fatty acids and skin care products based on microalgae growing in Buryatia and the Far East.
Russian research unit SolixBioSystems East is a subsidiary company of American biotechnology company SolixAlgridients, a portfolio company of I2BF-RNC ResourcesFund, the investor of which is Rosnano. According to the agreement, SolixAlgridients will invest $5 million in its Russian unit.
The R&D center was created to transfer global biotechnologies to Russia to produce microalgae industrially and then extract high value-added products: antioxidants, pigments and new-generation antibiotics. The project is implemented in the Gubkin Russian State University of Oil and Gas and includes the launch of pilot production as well as systemization and examination of microalgae strains collections kept in Russian R&D institutes and expeditions to Burytia and the Far East to collect wild types of microalgae.
The sales prospects at the first stage are connected with production of polyunsaturated fatty acids and skin care products based on microalgae. The appraised segment size of the Russian market is more than 1 billion rubles. The future products include eicosapentaenoic acid, which strengthen health, and astaxanthin, one of the most powerful antioxidants. Within the project, an international research group cooperating with leading Russian and foreign scientific organizations was formed.
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