A facility for the production of Spirulina through processing algal biomass is being built near Bulgaria’s southern city of Pazardzhik.

In 3-4 months the company is to start producing the dietary supplement made from blue-green algae there.

The food supplement is used a source of protein and other nutrients.

The investment was made by the Magic Rose OOD company under a project under operational program “Fisheries.”

The total amount of the investment stood at nearly BGN 1.5 M and the grant amounted to 60% of the actual investment cost.

The company plans to produce around 40-50kg of dry mass ready for packaging in a closed-cycle installation.

On Wednesday the company received advance payment of nearly BGN 450 000 under the project through which it had applied for EU funding, according to a media statement of the State Fund Agriculture, as cited by investor.bg