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Article: PetroAlgae Announces Strategic Partnership With Indian Oil Corporation Limited.
- Article from:
- PR Newswire
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...