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Wed, 7 December 2011
Australian biofuel producer Algae.Tec has signed a collaboration contract with building materials company Holcim Lanka to build an algae biofuels production facility in Sri Lanka.
The facility will initially comprise a production plant of five photo-bioreactor modules, that Holcim Lanka will use to determine whether to go ahead with a larger facility.
It is expected that the Algae.Tec technology could be rolled out at other sites.
According to Algae.Tec, Holcim Lanka was attracted to the collaboration as a way of reducing its carbon footprint and generating valuable biofuel at below market cost.
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