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Euglena Co., Ltd. to Develop SAF Supply Chain in Bangladesh

Story Highlights
  • Euglena Co., Ltd. focuses on biofuel commercialization and social projects in Bangladesh.
  • The company aims to establish a SAF supply chain in Bangladesh to address UCO shortages.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Euglena Co., Ltd. to Develop SAF Supply Chain in Bangladesh

euglena Co., Ltd. ( (JP:2931) ) has shared an announcement.

Euglena Co., Ltd. has been selected for a Japanese government subsidy program to conduct a feasibility study in Bangladesh for establishing a supply chain for sustainable aviation fuel (SAF) raw materials. The project aims to address the high demand and supply shortages of used cooking oil (UCO), a key SAF raw material, by exploring UCO collection and oilseed crop cultivation in Bangladesh, potentially creating local employment and contributing to carbon emission reduction.

More about euglena Co., Ltd.

Euglena Co., Ltd. operates in the biotechnology industry, focusing on social businesses in Bangladesh and promoting biofuel commercialization. The company has been involved in projects like the ‘Euglena GENKI Program,’ distributing nutritious cookies, and supporting local farmers.

YTD Price Performance: 0%

Average Trading Volume: 1,070,152

Technical Sentiment Consensus Rating: Buy

Current Market Cap: Yen56.6B

Learn more about 2931 stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com

Questions or Comments about the article? Write to editor@tipranks.com
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