PetroAlgae Inc. (OTCBB: PALG) has received official notice that the protein from PetroAlgae's proprietary micro-crop production technology has successfully passed testing by the Indonesian Ministry of Agriculture and is suitable for use as a raw material in animal feed in Indonesia. The protein is a co-product of the company's core bio-crude production system. Licensees of the PetroAlgae production system will still have to follow the Guidance and Procedures for the Registration of Animal Feed in Indonesia.
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About PetroAlgae Inc.
PetroAlgae Inc. (OTCBB: PALG) is a leading alternative energy company that licenses a commercial micro-crop technology system to produce clean fuel and food in an environmentally sustainable manner. Through a modular, flexible design construction, PetroAlgae enables a near-continuous growing and harvesting process of a wide variety of micro-crops suited to local climates, ensuring maximum growth rates. PetroAlgae's globally scalable system produces high-value protein as well as a cost-effective alternative to fossil fuels, while absorbing carbon dioxide from greenhouse gas emissions. The Florida-based company expects to establish first-mover advantage in the biofuels industry and offers a path to sustainable and clean energy independence while promoting local job growth.
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