PetroSun, Inc. (PSUD.PK ) reports that the Company has initiated a program to provide existing biodiesel producers algal oil as an alternative to their present feedstock.
The Company anticipates that the initial commercial production of algal oil allocated to this program will be available for delivery during the first quarter of 2008.
The Company plans to locate its initial production plants in Alabama, Louisiana, Arizona, California and Australia.
PetroSun’s current oil and gas operations are concentrated in the Ark-La-Tex region with plans to expand into New Mexico, Arizona and Australia in 2007.
Algae BioFuels, a wholly owned subsidiary of PetroSun, is an emerging producer of biodiesel derived from the cultivation of algae.
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