Brief: Fermentalg announces 31.2 mln euro green chemistry cooperation

Fermentalg SA

20/01/2015 06:05

Jan 20 (Reuters) - Fermentalg SA  FALG.PA : 
    * Announces collaborative program valued at 31.2 million 
euros  ($36.10 million) with  Arkema  AKE.PA , Soprema and 
others 
    * Collaborative program to be named Trans'Alg and involves 
green chemistry 
    * Total Trans'Alg value is 31.2 million euros on five years, 
of  which 13.9 million euros is to be financed by Bpifrance 
    * Trans'Alg benefit to the company is 8.3 million euros, 
composed of 2.7 million euros distributed subsidy financing and 
5.6 million euros of repayable advances 
 
Source text: http://bit.ly/15rO8xv 
Further company coverage:  FALG.PA ,  AKE.PA  
 
 
($1 = 0.8642 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 6983920;)) 
 
Keywords: FERMENTALG/BRIEF