Saturday, December 13, 2008

Algae Funding - PetroSun to Introduce Algal Oil Working Interest Program

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PetroSun, Inc. announced that its Board of Directors have approved an Algal Oil WorkingInterest Program to fund in part the commercialization of its domesticalgae-to-biofuel farm systems. The initial Algal Oil Working InterestProgram will focus on converting aquaculture farm ponds located withinTexas, Mississippi, Louisiana, Alabama and Arkansas to commercial algaefarm systems. The algae biomass harvested from these farm systems will beprocessed into biodiesel, aviation fuel, animal feed and other products.

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