Algae-Tec to open $200 million bond offering in Europe

| January 8, 2013

In the UK, Algae.Tec plans to sell $200 million worth of bonds in Europe to fund the construction of two algae biodiesel plantsβ€”one in Texas and one in Brazil. It expects to open the bond offering within the next month and close by mid-year, while feasibility studies for the projects are expected to begin this month. The company expects to retain 90% control of the plants.

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Category: International

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