Bohol to host algae research center

Korea International Cooperation Agency (KOICA) Country Director In Kim and Korea-based Biolsystems Co. Ltd. President Gyungsoo Kim and Bohol Governor Erico Aumentado have signed a memorandum of understanding (MOU) for Bohol to allocate areas in its jurisdictional seawaters for a seed bank, and experimental and plantation area for red algae of the cottonii variety. The MoU indicates that the province shall provide 60 hectares within the Talibon Special Economic Zone where Biolsystems will establish a US$100-150 million extraction plant, as well as quarters for its workers. (November 23, 2009)