HR Biopetroleum to buy out partner in algae-to-energy venture - 0 views
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Casey Agena on 27 Jan 11HR BioPetroleum Inc. said today it will buy out its partner in an algae-to-energy venture in Kona. HR BioPetroleum and Royal Dutch Shell PLC formed the joint venture called Cellana in 2007 to build and operate a demonstration facility to grow marine algae and produce vegetable oil for conversion into biofuel. When the deal closes at the end of the month HR BioPetroleum will become the sole owner of Cellana, including its six-acre facility in Kona.
