PetroSun, Incorporated (PSUD.PK) announced today that PetroSun BioFuels Mexico, a subsidiary of PetroSun, has completed an agreement with Grupo Santa Maria to provide consulting services for its algae-to-biofuels program in Mexico. Grupo Santa Maria and PSBF Mexico have focused their initial attention in the State of Sonora, identifying potential algae farm and extraction plant sites near Hermosillo, Guaymas and Puerto Penasco.
Gordon LeBlanc, Jr., CEO of PetroSun commented “Grupo Santa Maria and its management team have extensive knowledge and relationships in Mexico that will enhance the opportunity to expand our commercial operations into Mexico in the near term. The US-Mexico border region is ideally located for our algae-to-biofuel program, as it provides all of the necessary requirements for production and an expanding alternative fuels market in the US and Mexico.”
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