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Algae-based biofuel company SCIPIO receives investment capital

16 March 2009

Algae-based biofuel company SCIPIO Biofuels, Inc. has received an undisclosed amount of investment capital through Peter Girgis’s private purchase of stock.

SCIPIO Biofuels is an algae-based biofuels and green energy company which designs and builds algae-based biofuel facilities.

The new technology will open the idea of algae based renewable fuels in regions subject to extreme temperatures and humidity, the company said.

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