Algenol acquires Germany's Cyano Biofuels

In Florida, Algenol announced that it has acquired the Germany-based Cyano Biofuels, a company with has extensive experience in producing hybrid algae to make ethanol and green chemicals. The acquisition significantly increases Algenol’s research and development capacity and strengthens its valuable access to European expertise in biotechnology and algal research. Algenol previously held an indirect, minority position in Cyano Biofuels, and Algenol has worked closely with the German company for the past three years. Cyano Biofuels is a spin-off from Humboldt-University.

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