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US: Rosnano investing $60 M in new plants
US: Rosnano investing $60 M in new plants.
(c) 2011 Elsevier Engineering Information www.ei.org [http://www.ei.org]
Russian state-run technology company Rosnano is to invest in two US projects. Thus, $26 M will be invested in drugs company Panacela Labs, a subsidiary of Cleveland BioLabs. Cleveland is investing $3 M in Panacela, which will develop new drugs. Rosnano's investment will be in four tranches over four years. Panacela will receive several research patents from Cleveland that will cover infectious diseases and various cancers, among others. Panacela products will for the moment only be sold in Russia. Expansion onto world markets is planned later. In another project, Rosnano will take part in the development of new technologies for the production of biofuels. Here, the Russians will invest $35 M in US company Joule Unlimited. The money will go on improving the technology and on erecting a research centre in Russia. Unlike in conventional biofuel production, the Joule technology uses carbon dioxide and the action of sunlight.
The Joule method enables 140,000 litres of biodiesel and 230,000 litres of ethanol to be produced on one hectare of land. Original Source: Nachrichten fuer Aussenhandel, http://www.maerkte-weltweit.de/ [http://www.maerkte-weltweit.de/], Copyright MBM Martin Brueckner Medien GmbH 2011.
Nachrichten fuer Aussenhandel
Website: http://www.maerkte-weltweit.de/ [http://www.maerkte-weltweit.de/]
Date: 11.10.2011
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Your article perfectly shows what I needed to know, thknas!
Your article perfectly shows what I needed to know, thknas!, 16.11.2011 11:43:36
This is good step taken by investing money for drugs and also for developing the new technology for production of bio-fuels. barcode generator http://www.generate-barcode.com
barcode free, 01.11.2011 05:41:23