Algae Jet Fuel Moves Closer to Market in Japan
Japanese bioventure Euglena is arranging equity tie-ups with five companies to speed up its efforts to commercialize jet fuel made from microalgae — thereby cutting carbon emissions — by 2020. The Tokyo-based company will allocate new shares to the companies as early as June, procuring 1.1 billion yen ($9.86 million) for its new biojet fuel testing […]