The company said tests had shown its algae-based biofuels met American Society for Testing and Materials (ASTM) standards.

Company officials said the tests supported their chosen ``pathway’’ to pursue commercialization of the biofuel process on an industrial scale.

``Our results prove that large-scale outdoor production of biodiesel from microalgae is entirely within our reach, and that our technology can be optimized and is ready to scale,’’ says company chief executive Bob Walsh.

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