PetroAlgae, Inc. Signs Offtake Agreement for BioCrude with Korea-Based Eco-Frontier

MELBOURNE, Fla.--(BUSINESS WIRE)--PetroAlgae Inc. (OTCBB: PALG), a leading renewable energy company that licenses its commercial micro-crop technology globally, today announced that it has signed, through its operating subsidiary PA LLC, a Non-Binding Commercial Offtake Agreement (the “Agreement”) with Eco-Frontier, a leading cleantech management firm and Asian renewable energy developer based in Seoul, Korea.