Neste Oil signs offtake agreement for algae-based biofuels from RAE
| By Mary Page Bailey
Neste Oil Oyj (Espoo, Finland; www.nesteoil.com) and Renewable Algal Energy, LLC (RAE; Johnson City, Tenn.; www.rae-energy.com), an algae biomass producer, have signed a contingent commercial algae oil offtake agreement. Algae oil is one of the alternatives…