$92 Million Algae Biofuels Deal Signed Between GreenFuel Technologies & Aurantia
Date: 10-23-2008
Source: GreenFuel Technologies Corporation
Of all the biofuel feedstock options currently on the table, the only one with a real shot of displacing significant quantities of fossil fuels is algae. To date there have been a number of participants in the race to produce commercial quantities of algae oil, but few have produced much beyond demonstration projects.
Though GreenFuel Technologies is still among those, the company has announced a deal which it hopes will move it from pilot projects to commercial-scale operations.
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