Phoenix Biosolutions and Necton Group Formed PNA Joint Venture
The new venture focuses on developing and commercializing microalgae-based agricultural products for global markets.
Updated on Oct. 6, 2026 in Organic Food
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Phoenix Biosolutions and the Necton Group have launched a joint venture called PNA to produce microalgae-based agricultural solutions. The partnership aims to become a global leader in agricultural technology by combining proprietary extraction software with established cultivation expertise.
Why it matters
The collaboration seeks to drive the adoption of new agricultural technologies that improve productivity and resource efficiency. By merging specialized production capabilities, the companies intend to capture a larger share of the expanding global biostimulants market.
The global microalgae market was valued at USD 13.7 billion in 2025 and is expected to grow by nearly 8% annually over the next decade. PNA currently offers CE-marked biostimulants that are ready for sale throughout Europe.
The players
Phoenix Biosolutions
This technology company utilizes proprietary process-control software to automate enzymatic hydrolysis for agricultural applications.
Necton Group
Founded in 1997, this organization operates two industrial microalgae production plants based in Portugal.
PNA
This newly formed joint venture specializes in the development and commercialization of microalgae-based agricultural solutions.
The details
PNA integrates Necton Group's strain selection and cultivation methods with Phoenix Biosolutions' automated enzymatic hydrolysis technology. The venture serves as an innovation platform designed to transfer laboratory-developed technology to commercial agricultural fields.
Timeline
Necton Group was founded in 1997.
The global microalgae market reached USD 13.7 billion in 2025.
The PNA joint venture was announced on October 6, 2026.
The biostimulants market is projected to reach USD 7.8 billion by 2030.
Roadmap
The formation of PNA follows the established valuation of the 2025 global microalgae market, positioning the firm to capitalize on the sector's projected growth. This move mirrors a broader industry trend where specialized technology firms partner with industrial producers to scale agricultural biotech innovations.
Farmers and agricultural producers in Europe may see increased access to new biostimulant products as PNA begins commercialization. These tools are designed to improve crop yields and resource efficiency, potentially influencing standard agricultural practices in the coming growing seasons.
The takeaway
The partnership highlights the increasing commercial focus on integrating bio-based technology into traditional agriculture to meet rising productivity demands. Investors and producers are watching this shift as a primary indicator of how lab-grown agricultural solutions will scale over the next five years.
Further reading
Learn more about the evolving sector of sustainable farming in our Organic Food section.
Source note: This article includes information reported by Biotech-spain.
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Do you believe the development of microalgae-based agricultural solutions is a positive step for modern farming?
