The Collaborative International Dictionary of English v.0.48:

Phycite \Phy"cite\, n. [Gr. fy^kos seaweed.] (Chem.)
   See Erythrite, 1.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Erythrite \E*ryth"rite\, n. [Gr. 'eryqro`s red.]
   1. (Chem.) A colorless crystalline substance, C4H6.(OH)4,
      of a sweet, cooling taste, extracted from certain lichens,
      and obtained by the decomposition of erythrin; -- called
      also erythrol, erythroglucin, erythromannite,
      pseudorcin, cobalt bloom, and under the name phycite
      obtained from the alga Protococcus vulgaris. It is a
      tetrabasic alcohol, corresponding to glycol and glycerin.