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At the World Biofuels Markets conference, held in Brussels, PetroAlgae's Fred Tennant collected the inaugural "Sustainable Biofuels Technology" award for their algae based biodiesel business. The other nominees were Praj Industries of India and the Institute of New Energy of Tsinghua University of Beijing. PetroAlgae LLC is located in Melbourne, FL with a Research and Development location in Fellsmere FL:
The 7-member Voting Panel based their decision on "greatest sustainability benefits, environmental impact and further societal benefits".
In the announcement PetroAlgae noted:
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