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PetroAlgae Issued a Special Letter to Shareholders

May 18th, 2009 | No Comments | Posted in Algae-Energy-Companies

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.

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