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Algae jet fuel moves closer to market in Japan

Bioventure taps partners for financing with eye on 2020 target

Euglena President Mitsuru Izumo, left, holding jet fuel made from microalgae.

TOKYO -- Japanese bioventure Euglena is arranging equity tie-ups with five companies to speed up its efforts to commercialize jet fuel made from microalgae -- thereby cutting carbon emissions --  by 2020.

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