[ad#The Buzz Sponsor Ad]

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
If we built a Green Friendship Bridge composed of 8,600 algae microfarms given to Mexican and Central American farmers in lieu of 1%, (13 miles) of additional border wall...
Cheryl Katz writes in National Geographic that Iceland’s last living lake balls are disappearing. The fluffy green supersize diatoms as large as a head of cabbage are one...
Stavanger, Norway-based Skretting, a 100+ year-old leader in the manufacture and supply of aquaculture feeds for fish and shrimp, has announced that they are now offering...
Dr. Tom Dempster works as a research professor – focusing on strain selection and development, biomass production, algal biofuels and high-value products, and air and was...
Cellana, Inc., a leading developer of algae-based products for sustainable nutrition and energy applications, and PIVEG, Inc., a leader in high-specification ingredients ...
The Energy Department (DOE) has announced the selection of six projects for up to $12.9 million in federal funding, entitled, “Project Definition for Pilot- and Demonstra...
Researchers at Iowa State University, in Ames, Iowa, are developing technology, using algae, that improves the efficiency of wastewater reclamation. The system uses verti...
Dan Wood, at the University of Connecticut, writes that assistant extension educator of marine aquaculture at UConn’s Avery Point Campus, Anoushka Concepcion, spoke about...
The University of Kentucky (UK) Center for Applied Energy Research’s (CAER) Biofuels and Environmental Catalysis Group has received a $1.2 million U.S. Department of Ener...
Almost two years ago, on June 28, 2015, the rocket carrying experiments from Chatfield High School to the International Space Station disintegrated 139 seconds into its f...
Monica Jain of Fish 2.0 writes in National Geographic about how the algae brand is about to undergo an image makeover, and may soon seem flat-out glamorous — once again. ...
David Erickson writes in the (Montana) Missoulian that Clearas Water Recovery, a Missoula tech company formed eight years ago, has developed a patented process to use alg...