Cellana, Inc., an Algae Biomass Organization member and sponsor of the 2014 Algae Biomass Summit, has made important progress this week toward commercializing algae production.
Cellana has entered into a letter of intent with Galil Algae Cooperative Agricultural Society Limited with the main goal to identify, cultivate, develop, and scale up algae strains with immediate commercial value, emphasizing the high-value components for existing aquaculture, mariculture, nutraceuticals, pharmaceutical and/or cosmetic applications.
Cellana and Galil Algae may also explore the establishment of a new algae research and development center in northern Israel.
Read more about Cellana and Galil Algae’s letter of intent here.
Yet another step forward for the algae industry!