Under the agreement, Rosetta Green will be responsible for the development of the strains and Seambiotic will be in charge of large scale algal growth and biofuel production.
The companies will initially focus on increasing the oil content of the algae and producing strains that can better withstand contamination. The proof of concept phase of the collaboration is anticipated to last about two years, during which the companies will explore the development of facilities for producing biofuel from algae on an industrial scale.
Daniel Chinn, CEO of Seambiotic, said: “The agreement with Rosetta Green is another milestone in the development of the technology to make algae the next generation of biofuel crops.
“This sort of collaboration which brings together leading companies from complement art fields, such as Seambiotic and Rosetta Green, is the only way to successfully meet the challenges that lie ahead in the field.”
