In Arizona, PetroSun announced an agreement with Shanghai Jun Ya Yan Technology Development to construct the first commercial scale, fuel focused, algae biomass company in China. Under the agreement, Shanghai Jun Ya Yan will provide $40 million for construction of the facility and take a 50 percent stake in the project, and PetroSun will contribute its closed photo bioreactor technology in return for the other 50 percent.
What do you think? What do you think this story means for bioenergy? Leave a comment below and get the community engaged on what you see as the real issues - others will be glad you did!
Free Subscription to the Daily Biofuels Digest e-newsletter
Related Stories
PetroSun outlines catfish farm algae production model for 160 Mgy in MississippiIn Arizona, algae pioneer PetroSun, in a presentation at the Mississippi Biomass Council, announced a BioFuels Aquaculture Lease Program to contract for the rights to algae produced at catfish farms. ...
PetroSun to proceed to catfish pond conversion program for algae cultivation; establishes royalty scheme for farmersIn Arizona, the directors of PetroSun have approved a royalty plan for catfish pond owners who convert their ponds to algae cultivation. The company's Algal Oil Working Interest Program is designed to...
Philippine ag minister to continue with Shanghai trip despite collapse of two China-Philippine dealsTwo Philippine-China biofuel farming deals collapsed this week, but Philippine Agricultural Secretary Yap will continue with his planned China trip. The Shanghai trip is to encourage further biofuels ...
Algae producer PetroSun to release delayed financials: will liquidity frustrate algae development plan?In Arizona, algae biodiesel pioneer PetroSun has announced that it will complete its delayed second quarter results by the end of the month. The company has been in the process of raising additional f...
Bionavitas
Website:
www.bionavitas.com
Tel:
Address:
8469 154th Avenue NE, Redmond, WA 98052
Type:
Producer - algae
Financials:
Private
Symbol:
--
Competition:
Sapphir...
Algae fuel developer PetroSun taps capital markets veteran as presidentIn Arizona, algae fuel developer PetroSun announced that James Robinson, a management consultant specializing in early-stage growth and capital development, has joined the firm as President. PetroSun ...
Subscribe FREE to the world's most-widely read biofuels daily.
