Algenol reduces work force, refocuses

By Algenol | October 27, 2015

Algenol is sharpening its focus on advancing its technology for commercial readiness.

To that end, the company has reduced its work force by about 20 percent and will be reducing its public profile.

Algenol and its stakeholders are confident that the sharpened focus will position the team  to take Algenol’s technology to commercial readiness and beyond, the company said.

The local employment numbers will continue to meet or exceed Algenol’s obligations, as outlined in the Lee County, Florida, grant, with a staff in place to continue to advance Algenol’s innovative technology.