6/7/2013

Finland's Neste Oil has signed a multiyear deal to purchase crude algae oil from commercial-scale biorefineries that Hawaii-based Cellana is developing across the globe, the companies said. The deal is contingent on Cellana's output capacity and compliance with future biofuel regulations in the U.S. and Europe, as well as other conditions. The deal "illustrates the success of U.S. federal government agencies in funding advanced research and development at companies like Cellana that are nearing commercialization," said Cellana CEO Martin Sabarsky.

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