PetroAlgae Biomass Tested by Foster Wheeler with Encouraging Results

MELBOURNE, Fla.–(BUSINESS WIRE)–Foster Wheeler AG (NASDAQ: FWLT) announced yesterday that its Global Engineering and Construction Group, working with PetroAlgae Inc. (OTCBB: PALG), has completed initial testing of PetroAlgae’s biomass with encouraging results. The biomass is being tested as a delayed coker feedstock supplement to provide renewable biofuels to the market. Following is the full …