ZAGREB, 22 May 2022 - The company called Phyox, specialised in production of microalgae, substances rich in minerals, vitamins, antioxidants and unsaturated fatty acids, has invested 6.6 million euros in a microalgae production project in the city of Novska, the Večernji List daily reported on Sunday.

The project will enable the commercial production of microalgae for the pharmaceutical industry.

The project has already gone through the stages of laboratory tests and trial production and the production of microalgae for commercial purposes is expected to start soon. 

There are plans to produce 40 tonnes annually.

According to the information on the web site of this company owned by four Croatian and German partners, "Phyox d.d. was created by combining the competences, experience and resources of its founders who after many years of technology development, decided to implement their microalgae production project in Croatia."

"Microalgae (Phytoplankton) are microorganisms that produce oxygen (Oxygenium) through photosynthesis, which is how the name Phyox was created."

Microalgae are with over two billion years of existence considered to be the oldest living cellular organisms on Earth.

The Večernji List daily quoted the company's  senior executives Franjo Orešković and Bernd Hermann as saying that the project was well accepted by the local authorities in Novska, during the mayorship of Marin Piletić.

Therefore, the company decided to set up the project in the industrial zone of Novska, 90 kilometres east of Zagreb.

Phyox is focused on the production of microalgae suitable for use in the food, pharmaceutical and cosmetic industries.

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