Algae.Tec Confirms Purchase Order from Reliance for Algae Biofuels

摘要

Australia-based Algae.Tec announced February 23 that it received its first purchase order from an affiliate of Reliance Industrial Investments and Holdings Ltd. (RIIHL) in connection with the financing and commercialization deal for algae-based biofuel plants signed in late January. The purchase order was for Aus$2.4 million (US$2.2 million) and is for the supply of “certain Algae.Tec algae production technology and associated technical expertise,” according to a statement issued by Algae.Tec.