Arizona-based algae technology solutions company, Heliae recently announced its receipt of capital funding of $15 million from International conglomerate Salim Group’s agribusiness company PT. PP London Sumatra Indonesia Tbk, through its subsidiary, Agri Investments Pte. Ltd.
“I am personally pleased to welcome the Salim group into the Heliae family. As one of the most prominent equatorial-based food businesses in Southeast Asia, their Chairman, Anthoni Salim, recognizes the need to develop new and sustainable sources of nutrition and agricultural inputs to support the region’s growing demands,” stated Frank Mars, co-Founder and Chairman of the Board for Heliae.
The investment will aid in taking steps towards operating an R&D centre in Indonesia, which will also serve the region. It will also fund research and development at Heliae’s demonstration facility in Arizona. “Frank and I are of one mind on developing the solutions to address today’s issues with soil fertility, fresh water, growing demand for fish and animal feeds and ultimately sustainable fuel,” declared Anthoni Salim.
Dan Simon, President and CEO of Heliae said, “The recognition and support of the Salim Group delivers a sense of validation to our work. These additional funds will help us broaden our reach and allow us to build a presence in Southeast Asia. Of equal importance to Heliae is the strategic relationship we have developed with Salim’s team and alignment of both groups — we look forward to the large impact we’ll be able to make collectively.”
In response to the steady developments in algae technology and growing investments interests in the region, namely North Asia, CMT’s 5th Algae World Asia conference to be held in Singapore on 08-09 November will present fresh and insightful analysis on the Asian algae sector. The conference will highlight the roadmap for algae developments in Korea, Japan, China, Indonesia, Thailand and Malaysia, plus many other recent updates in the algae industry.
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