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Phyco’s Super Trough System Receives Equity Investment

January 10th, 2011 | No Comments | Posted in Algae, Algae-Energy-Investments

In China, China Biological Engineering (CBEL)of Hong Kong is initially investing $5 million in  in Phyco BioSciences.
for project development.

CBEL is developing projects in the Peoples Republic of China beginning with a joint venture project that is utilizing Phyco’s super trough production and harvest platform and plans rapid expansion of algae biomass projects in the PRC.

As part of the agreement with CBEL, Phyco will hold a 15% equity interest in the the initial joint venture project and in subsequent joint venture projects, and will supply system components, provide operation supervision, biological and aquacultural support and marketing services.

More from here – http://bit.ly/g985pc

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