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Technews Industry Guide - IIoT 2018

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Yokogawa joins strategic partnership to accelerate biotech
January 2019, News


Yokogawa and AlgaEnergy, a Spanish biotechnology company specialising in the production and commercial applications of microalgae, have announced the signing of a strategic partnership and equity participation agreement. The agreement involves an approximately €10 million investment by Yokogawa to acquire newly issued shares of AlgaEnergy.

Microalgae are a diverse group of unicellular photosynthetic organisms that can thrive in a wide variety of aquatic habitats, such as oceans, lakes and rivers. Their rapid rate of reproduction means they can be utilised effectively as a biological resource through applications in diverse sectors ranging from agriculture, food and animal feed, through to pharmaceuticals and sustainable biofuels. The entry of Yokogawa as a shareholder will enable AlgaEnergy to reinforce its position of international leadership, with the equity investment being used to fund projects that include international expansion.


Credit(s)
Supplied By: Yokogawa South Africa
Tel: +27 11 831 6300
Fax: +27 11 86 411 8144
Email: info@za.yokogawa.com
www: www.yokogawa.com/za
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Further reading:

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