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.