You are at: Oilgae Blog.

PetroAlgae announced that it has issued a Special Letter (click for Pdf) to Shareholders to update existing PetroAlgae investors on the current status of the Company and, more importantly, its future growth outlook.

John Scott, Chairman of PetroAlgae, sent a letter to PetroAlgae shareholders, saying that the company now has a market capitalization of $835 million and has signed on a customer. GTB Power will use PetroAlgae’s algae-growing equipment at 10 facilities in China and Taiwan, and PetroAlgae expects to sign other licensing deals this year.

See more

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:

• PetroAlgae retains investor relations firm
• An Old Letter from GreenFuel, But an Interesting One!
• Florida Firm PetroAlgae Making Pioneering Efforts for Oil from Algae
• PetroAlgae Raises $10 Million in Common Stock Offering
• Petroalgae Grows Algae In Fellesmere
• Use algae for biofuel @ Monona Bay – A Letter to Editor
• Petroalgae Grows Algae in Plastic Tubes
• PetroAlgae Looking to Test Commercial Algae Biofuel in 2009
• The Internal Revenue Service (IRS) Issued Income and Excise Tax Credits for Biodiesel and Cellulosic Biofuels
• Letter to NM Governor from CEHMM Oil from Algae Project