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
Oregon State University researchers are combining diatoms, a type of single-celled photosynthetic algae, with nanoparticles to create a sensor capable of detecting minisc...
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...
U.S. farmers and biofuels makers are watching for the Environmental Protection Agency’s (EPA’s) final decision on the 2014 Renewable Fuel Standard rules, which will set t...
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...
With their new CO₂ processing-platform called AstaCos, AlgaeBiotech can produce waxy particles of only 50-100 µm in size with a loading of 25% astaxanthin oleoresin. The ...
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...
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 ...
In October 2014 an unusual AlgaePARC research paper entitled Design and construction of the microalgal pilot facility AlgaePARC was published in the Journal of Algal Rese...
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...
Phys.org reports that, in collaboration with the Berlin, Germany LED manufacturer FutureLED, scientists at the Technische Universität München have developed a unique comb...
Tess Riley writes in TheGuardian.com about how spirulina may be able to combat malnutrition in developing countries. Spirulina is one of the oldest life forms on Earth, c...
Fort Myers, FL-based Algenol has announced that the U.S. Environmental Protection Agency (EPA) has approved fuels made from Algenol’s process as an advanced biofuel, meet...
In an age where customer input is as easy as a click, OriginOil has tapped directly into its intended market to R&D their next generation algae harvester -- with a de...
Developing renewable fuel from wet algae is one of the latest innovations Richland, Washington-based Pacific Northwest National Laboratory (PNNL) has successfully driven ...