Israeli microalgae experts Algatech has opened Algatech Inc., a New York City-based subsidiary, and appointed industry veteran Ken Seguine to lead the new operation.
A new player has entered the astaxanthin market as Chinese ingredient supplier BGG has formed a subsidiary named Algae Life Sciences to market the carotenoid produced from a facility in Yunnan province.
Israel’s Algatechnologies has obtained GRAS (Generally Recognized As Safe) status for its AstaPure-branded astaxanthin ingredient for use in food and beverages applications.