Regus will provide its professional advisory services for the venture.

Regus Advisors president Mervyn Price said many companies have explored the opportunity of creating Biofuel from Algae like Bill Gates Foundation, Rockefeller Foundation and the US Government.

"We feel AIGI has the right team and technology to make this a reality in a large scale," added Price.

"The necessary ingredients to create a highly successful Algae2Biofuel venture requires; CO2, Fuel Cells, Nitrates, Phosphates, Sunlight and Algae."

This process combined with a proprietary custom built press will allow the venture to produce and deliver high grade HRD (Diesel) and HRJ (Jet Fuel) to the military and other commercial and industrial buyers.

Regus Advisors is a private global investment banking firm that provides strategic and financial advisory services to private and public companies.