Cyanotech Sold 600 gallons of Algae Oil to Sapphire Energy
January 24th, 2009 | 1 Comment | Posted in Algae-Biodiesel, Algae-Energy-Companies, Algae-Energy-Investments
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Hawaii’s two publicly traded biotech companies are generating as much business by selling raw algae in bulk as they are by selling their core product, algae-based nutritional supplements.
Biodiesel from Algae oil
During the second half of 2008, both Cyanotech Corp. and Mera Pharmaceuticals saw half their revenue generated from bulk sales of algae. Previously, raw materials averaged less than 40 percent of total sales at both firms, company executives said.
The sales of raw materials are primarily to companies that produce biodiesel from algae.
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