Cellana Signs Letter of Intent with Galil Algae for the Commercialization of High-Value Algae Biomass for Aquaculture and Other High-Value Applications
Whole-Algae Products Represent an Extension of Cellana’s Multi-Product Biorefinery Model
for the Profitable Production of Photosynthetic Algae Biomass
That Can Address Feeds, Fuels, Nutraceutical, and Cosmetic Applications Simultaneously
San Diego, CA and Kailua-Kona, HI – (Marketwire -06/23/14) – Cellana, Inc. today announced that it has entered into a letter of intent with Galil Algae Cooperative Agriculture Society Limited, with the objective of partnering for the production of high-value algae products for aquaculture applications. Currently, Cellana produces industrial-scale quantities of ReNew™ Algae – high-value algae biomass rich in Omega-3 nutritional oils, proteins, fuel-grade oils, cosmetic-grade oils, acids, and polysaccharides, as well as other valuable micronutrients – at its Kona Demonstration Facility in Hawaii. At its facility in northern Israel, Galil Algae currently produces a variety of whole-algae products that are rich in Omega-3s for aquaculture applications.
The main goal of the program contemplated by the letter of intent is to identify, cultivate, develop, and scale up […]