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China Biological Engineering invests in Phyco; two algal biofuels trials in China

September 23, 2010 |

In China, Phyco’s Super Trough System has been selected by China Biological Engineering to license the production technology for two projects beginning in November. The first project is a 40-acre joint venture in JaingShu Province, while the second project comprises 10 acres in Shangdong Province. Both are planned to scale to 160 acres in 2011-2012.

Phyco will own a 15% interest in each joint venture and will generate fees for components and services. China Biological Engineering Limited has also purchased an 18% equity stake in Phyco BioSciences.

More on the story.

Category: Fuels

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