Algae.Tec turns its back on biofuels for good

November 28, 2017 |

In Australia, Algae.Tec has finalized its transition away from biofuel production to focus entirely on nutraceuticals and aquafeed, as well as medical marijuana that was discovered to benefit greatly from the catalysts developed for algae production. The shift began in 2013 and finalized with the recent departure of the company’s managing director who was with the company since its beginning in 2011. It has been taken over by the company’s chairman in an attempt to reorient the business and regain the valuation that has shrunk significantly since a successful launch.

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Category: Producer News

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