Olivia cruenta S. F. Gray Porphyridium cruentum is a species of red algae in the family Porphyridiophyceae.
is a potential source for several products like fatty acids, lipids, cell-wall polysaccharides and pigments .
The polysaccharides of this species are sulfated and their structure gives rise to some unique properties that could lead to a broad range of industrial and pharmaceutical applications.
Thus, the combined amount of carbohydrates in biomass and exopolysaccharides of this microalga could potentially provide the source for bio-fuel and pharmaceutical.
[2] The genus Porphyridium has been classified among blue-green, red, and green algae.