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People & Business :: Emerging Companies

Australia's Algae.Tec signs contract with Macquarie Generation to build carbon-capture biodiesel plant

7:20 AM MDT | July 2, 2013 | Francinia Protti-Alvarez

Algae.Tec (Perth, Australia), a biofuels producer, has signed an agreement with power company Macquarie Generation (Lambton, Australia) to site a production facility next to a coal-fired power station at Bayswater, in the Hunter Valley, New South Wales, Australia, and feed waste carbon dioxide (CO2) into an enclosed algae growth system to produce biofuels,. The algae will feed on “waste” CO2 emitted by the power station, and the resulting algal oil is converted to biodiesel, and hydrogenated to grade A jet fuel, the company says.  Neither the...

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