SINGAPORE -- A Singapore-headquartered startup that produces algae for biofuels has raised nearly $50 million from a group of Japanese investors, as it seeks to scale up its production capacity in Southeast Asia.
Startups
Singapore startup bags $50m to push algae production for biofuels
Chitose seeks to expand plant capacity in Malaysia's Sarawak
Chitose's plant in Malaysia. Microalgae, the green substance visible here, is produced in rows of tanks. (Photo courtesy of Chitose Bio Evolution)
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