Algae.Tec aims to secure $600M in new funding for expansion plans

Algae.Tec is aiming to sign new supply agreements and secure as much as $600 million in new financing that would enable it to develop as many as six production facilities in four countries, including the U.S., by 2015. "We will be using different project finance structures for all of these projects, and they'll all be roughly $100 million," Executive Chairman Roger Stroud said.

Source: Bloomberg Businessweek, September 24, 2012

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