29 October 2015

Algenol CEO exits; staff cut by 25%, investors re-up for two years, new direction tipped

Sudden re-focusing and trimming of Algenol by its lead investors leads CEO Paul Woods to resign; new direction focused on carbon capture, fresh water production until oil prices recoverr

In Florida, the hammer dropped swiftly and without warning in Ft. Myers as Algenol lost its CEO, changed its near-term…

Full text: http://www.biofuelsdigest.com/bdigest/2015/10/25/algenol-ceo-exits-staff-cut-by-25-investors-re-up-for-two-years-new-direction-tipped/

Source: Biofuels Digest, 2015-10-25.