Transcu: Their JV partner Nanomizer Pte Ltd has entered into an outsourcing agreement through its wholly-owned subsi NANOMIZER Inc with NEDO (New Energy and Industrial Tech Dev Org) a Japanese govt agency promoting research. NEDO will fund JPY50m of R&D expenses for 1 year ending in 3Q11…
The project will involve developing a new type of bio-fuel using crude palm oil. Transcu has the option to purchase up to 10% of Nanomizer Pte Ltd and will have exclusive rights for marketing and distribution of the product through subsi Transcu Green Fuel if the project is successful.
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