biofuel

biofuel

biofuel

biofuel

biofuel

biofuel

biofuel

biofuel

biofuel

biofuel

biofuel

biofuel

Statistics

Members : 71
Content : 135
Web Links : 6
Content View Hits : 564930

Indonesia food giant invests in Heliae

Attention: open in a new window. PDFPrintE-mail

Heliae raises $15M from Salim Group – R&D center in 2012, aiming for commercial production in 2014; food, feed, fertilizer now, fuels later.

In Arizona, Heliae announced a capital raise of  $15 million in funding from international conglomerate Salim Group’s agribusiness company, PT PP London Sumatra Indonesia, through its wholly-owned subsidiary, Agri Investments.

This marks a total of close to $50 million in funding that Heliae has received since launching in 2008.  As a start-up venture spun out of Arizona State University with the support of Science Foundation of Arizona, Heliae’s mission is to develop and validate technology solutions for the commercial production of algae for a variety of potential uses including food & feed, fertilizer, chemicals, pharmaceuticals, cosmetics, and fuel.

This new round of investment will support tangible steps toward creating an international presence for Heliae’s technology by funding continued research and development at Heliae’s demonstration facility in Arizona, and taking steps toward operating an R&D center in Indonesia. The aim is for commercial production in 2014.

 

source

Last Updated (Saturday, 05 May 2012 07:44)
 
 
 
 

Contact Address

All Correspondence should go to:
Secretariat
Biofuel Research Team (BRTeam)
No.: 23, Orkideh Sharghi 3143844693,
Baharestan Blvd., Jahanshahr,
Karaj, Alborz,
Iran
 

Design & SEO By Mohammad Reza Yousefi