US renewable energy company PetroAlgae has announced it has entered into a non-binding offtake supply agreement with Chilean airline provider, Sky Airline. The two companies have agreed to collaborate to enable Sky Airline to purchase the fuel feedstock produced by licensees of PetroAlgae’s technology as a feedstock for conversion into renewable jet fuel. PetroAlgae currently licenses and deploys the leading biomass production platform to address existing and growing unmet needs in the global energy and agriculture markets. Its proprietary technology, consisting of light and environmental management systems, allows its customer licensees to grow aquatic microorganisms at a rate that consistently
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