15 Jul '13, 7am

Investors Back Heliae’s First Commercial-Scale Algae Production Facility

Products for health, nutrition, personal care, agriculture, specialty chemicals, energy – it seems there’s no end to what humble algae can provide. Yet while algae continues to thrive in the natural world quietly providing us with a wide range of beneficial eco products and services, it hasn’t been so easy to replicate that and build a cost effective industrial-scale manufacturing platform. However, with the backing of a close-knit group of investors, including several members of the Mars family, the team at Heliae have been quietly yet steadfastly working to do just that. Heliae on July 9 announced it had raised $28.4 million of investment capital, funding that it will use to support and expand the operations of its first commercial production facility in its hometown of Gilbert, Arizona. Backing Heliae’s bid to commercialize its Volaris algae-based production platform, A...

Full article: http://cleantechnica.com/2013/07/15/private-investors-bac...

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