Article: PetroAlgae Announces Strategic Partnership With Indian Oil Corporation Limited.

PetroAlgae to Partner with India's Largest Energy Company to Deploy Micro-crop to Renewable Fuel Technology

MELBOURNE, Fla., Nov. 3 /PRNewswire-FirstCall/ -- PetroAlgae Inc. (OTC Bulletin Board: PALG) (PetroAlgae or the Company) today announced that PA LLC, a Delaware limited liability company that is PetroAlgae's operating subsidiary has signed a Memorandum of Understanding (MoU) to enter into an agreement to license the Company's proprietary micro-crop technology to Indian Oil Corporation Limited (IOCL) for its future large-scale production of renewable fuels.

Under the terms of the MoU and the license agreement to be completed, IOCL will build a ...

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