Bulgarian Spirulina Farm to Start Functioning in 3-4 Months

Business | May 13, 2015, Wednesday // 15:59
Bulgaria: Bulgarian Spirulina Farm to Start Functioning in 3-4 Months Photo by revita.bg

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

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Tags: Pazardzhik, operational program, EU funding, Food Supplements, State Fund Agriculture
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