Renewable Algal Energy (RAE) is an algal biotechnology firm committed to producing high-quality, refined raw materials. The firm has created novel technology to produce sustainable, economically viable products from microalgae. Their patent-pending technology addresses the key challenges related to algal aquaculture, harvesting and conversion processes having relevance to renewable fuels, nutraceuticals, and human and animal nutrition. In June 2014, Neste Oilâthe worldâs largest producer of renewable dieselâagreed to purchase algae crude oil from Renewable Algal Energy, LLC, RAE first proved the viability of its algal oil harvesting and extraction technologies with Energy Department funds helping the company to secure the off-take agreement with Neste Oil. This meant that RAE had its first customer -- a big step towards commercialization for its algal biof
