Visit  cricatalyst.com!Nexus — Leaders in Greenhouse Systems Integration Check out more of The Buzz

Berjaya Group Berhad Acquires 60% of Algaetech

October 10, 2012
AlgaeIndustryMagazine.com

The Board of Directors of Berjaya Corporation Berhad has announced that its wholly-owned subsidiary, Berjaya Group Berhad, acquired a major share of Algaetech International Sdn Bhd on October 9, 2012. Algaetech Intl. is now a 60% owned subsidiary of BCorporation.

Algaetech International was incorporated in Malaysia on August 13, 2010 under the Malaysia Companies Act, 1965. The Algaetech Intl Group is involved in micro-algae research, development and consultancy with production and marketing of renewable energy, and high value products including anti-oxidants and other nutraceuticals.

Berjaya Corporation, a $6.2 billion USD per year company with 33,000 employees, has a history dating back to 1984. Berjaya Corporation is a diversified conglomerate with core businesses in consumer marketing, financial services, hotels, resorts, property investment & development, sanitary landfill, investments, food & beverages and other areas.

This acquisition of Algaetech Intl allows for Berjaya Corporation to invest in green technology and bio-technology projects with potential applications in health products, environmental management and renewable energy. The Board of Directors of Berjaya Corporation is of the opinion that this Acquisition is in the best interests of the Berjaya Group.

Algaetech Intl. is excited about this acquisition as it shows the interests of large corporations, and their willingness to tackle issues such as global warming, food shortage, and sustainable energy development through algae technologies. “The global reputation and proven R&D technologies by Algaetech Intl, has attracted worldwide attention, and now with the support and reach of Berjaya Corporation, this will surely create a quantum leap in green & sustainable technology in Malaysia and the region,” said Dato’ Paduka Syed Isa Syed Alwi, Chief Executive Officer of Algaetech Intl. “There are truly exciting times ahead. Together, we can bring the sustainable future closer to the present. The future is now.”

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2012 AlgaeIndustryMagazine.com. All rights reserved. Permission granted to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

From The A.I.M. Archives

— Refresh Page for More Choices
In Phys.Org, Yu Yonehara notes the breakthrough research from the Tokyo Institute of Technology on the connection between early marine algae and the development of terres...
The Algae Biomass Organization (ABO) released the following statement calling on the EPA to include Carbon Capture and Utilization strategies in rules proposed June 2, 20...
Jamie Radford writes in the Illawarra Mercury that Pia Winberg, from the University of Wollongong, believes that the South Coast of New South Wales, Australia (NSW) is in...
In an effort to propel the algae industry forward, the Algae Testbed Public Private Partnership (ATP3) offers a series of hands-on specialized workshops suited for partic...
Following a request from the European Commission, the European Food Safety Authority (EFSA) Panel on Dietetic Products, Nutrition and Allergies (NDA) was recently asked t...
Channelnewsasia.com reports on three young Spaniards who harvest seaweed, a culinary delicacy, as a way for them to stay out of Spain’s troubled financial waters. 35-year...
Phys.Org reports that scientists Jolanda Verspagen and Jef Huisman of the University of Amsterdam, The Netherlands have concluded that rising CO2 concentrations in the at...
SCHOTT AG, of Mitterteich, Germany, and Algatechnologies Ltd. (Algatech), based at Israel’s Kibbutz Ketura, have signed an R&D agreement to strengthen their partnersh...
Analia Murias 
reports for fis.com that Chilean exports of products made from macroalgae generated a total of $195 million US in the first seven months of 2014, according...
James “Jamie” Levine took over the reigns at Sapphire Energy in July of this year as former President and CEO Cynthia “CJ” Warner stepped down, retaining her role as chai...
Arizona is taking advantage of its open land and ample sunshine to assume a leadership position in the algae biofuel field. The state is home to two national algae testbe...
A team of Michigan State University algae researchers have discovered a cellular "snooze button" that has the potential to improve biofuel production and offer ...
Algix, parent company of Solaplast, will be inaugurating their algae-to-plastic facility in Meridian, Mississippi, on November 14, 2014. Solaplast's facility will be focu...
MicroBio Engineering, Inc., of San Luis Obispo, California, has introduced a full suite of open pond microalgae growth systems designed for quick deployment of research- ...
Renewable fuels company Muradel has launched Australia’s first integrated demonstration plant to sustainably convert algae into green crude, as a first step towards a com...
Iran-based Qeshm Microalgae Biorefinery Co. (QMAB) has launched a biofuel being marketed as BAYA®, produced from a species of Nannochloropsis (strain 6016) isolated from ...
Most Americans get plenty of protein, primarily from animal products including meat, eggs and milk. But for many, ensuring a healthy protein intake can be challenging. In...
Western Morning News reports that Westcountry scientists in the U.K. are using algae to develop an innovative new method of cleaning up contaminated mine water while harv...