San Diego-Based Algae Biofuel Strikes ‘Milestone’ Deal With Oil Giant

Susan Murphy | 06.07.13 | kpbs.org

SAN DIEGO — San Diego-based Cellana, a developer of algae bioproducts, has signed a commercial-scale agreement with Neste Oil, the world’s largest producer of renewable diesel.

Under the off-take agreement, Neste Oil has agreed to purchase large volumes of Cellana’s algae-based crude oil if Cellana can increase its future production capacity.

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2016-11-13T23:05:22+00:00