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World Health Energy Holdings, Inc. Reaches Memorandum of Understanding for Joint Venture to Develop Algae Biodiesel Production Farm

Algae/Other Aquatic Organisms/Seaweed, Business News/Analysis, Farming/Growing, India
June 1, 2011
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(MarketWire/World Health Energy Holdings, Inc.)  Joint Venture Agreement With Serial Business Founder, David J. Lobo, of Deejay Coconut Farm PVT
World Health Energy Holdings, Inc., a public holding company focused on developing algae farms for the production of biodiesel and fish food for commercial fish farms, announced today that the company’s wholly-owned subsidiary, GNE-India, has reached a Memorandum of Understanding with David Lobo from Deejay Coconut Farm PVT via a joint venture to initially build a 2.5-acre commercial algae farm in Bangalore, India. The projects will utilize the GB3000, an Algae Enhancement Technology used for the efficient production of rapidly growing algae.
…World Health Energy Holdings, Inc. recently acquired GNE-India, an algae technology company with the distribution and licensing rights to a unique and innovative system to grow algae quickly and efficiently for energy and food protein. GNE-India owns and retains the territorial rights for distribution and sales of the proprietary technology to both India and Sri Lanka.  READ MORE

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