PetroSun and Shanghai Jun Ya Yan move into algae commercialization in China
You are at: Oilgae Blog.
PetroSun, Inc. (PINKSHEETS: PSUD) announced today that the recent meetings held in Shanghai between PetroSun and Shanghai Jun Ya Yan Technology Development Co., Ltd. resulted in the completion of an agreement to move the parties into the initial stage of the commercialization of the algae-to-biofuel industry in China.
The terms of the agreement between PetroSun and Shanghai Jun Ya Yan include a forty million dollar sole funding commitment by Shanghai Jun Ya Yan for the construction and equipping of the initial algae farm system. The profits from the algae-to-biofuel operations will be disbursed on a 50/50 basis between the parties. PetroSun China, Inc., a wholly owned subsidiary of PetroSun, Inc., will manage the field operations.
By the way, have you subscribed to the Oilgae Blog?; How about joining the Oilgae mailing list?; and our forum to discuss on with others?
Share this article
Related posts:
- PetroSun meets Shanghai Jun Ya Yan in China
- PetroSun Executes Algae Oil Feedstock LoI
- PetroSun BioFuels Proposes New Crop to Catfish Farmers at the Mississippi Biomass Council Meeting
- PetroSun announces final testing for algae biofuel process
- Algae BioFuels Issues Australasia License to PetroSun BioFuels
- PetroSun ventures into Mexico
- PetroSun and Algae BioFuels in Final Testing Stage for Biodiesel
- PetroSun Texas Algae Farm to Produce 4.4 Million Gallons of Experimental Jet Fuel
