A Japanese biotechnology startup and major trading house Itochu Corp. launched demonstration projects last month in Indonesia and Colombia to grow euglena microalgae to be used for biofuel and feed.The startup, Euglena Co., said that through the projects they will try to determine within about a year if their new business plan is commercially feasible and which place is suitable for stable and large-scale production of the microorganism.Euglena, a type of algae, is said to be about 20 to 30 percent oil by weight. It is capable of doubling the quantity in a day by cell divisions, while absor…READ FULL ARTICLE
