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Algae.Tec and Reliance team up to build biofuel plant in India

Australian firm signs deal with India's Reliance Industrial Investments subsidiary to launch pilot biofuel plant using algae fuel technology

Algae.Tec said the biofuel plant could make a significant impact on India’s energy requirements
Algae.Tec said the biofuel plant could make a significant impact on India’s energy requirements

Enterprise Reliance Industrial Investments has signed an agreement with Australia’s Algae.Tec to build a pilot two-barrels-per-day biofuel plant in India.

The Indian company’s subsidiary, Reliance Industrial Investments and Holdings (RIIHL), will offer Algae.Tec an initial investment of approximately USD 1.3m, and an additional investment of around USD 1m over the next two years.

Peter Hatfull, managing director at Algae.Tec, said: “We are pleased to have a new strategic investment in Algae.Tec and the opportunity for a biofuel facility in India. This has the potential to make a significant impact on India’s energy and environmental requirements.”

The agreement calls for construction of a pilot biofuel plant which will use algae fuel technology with an enclosed modular high-yield algae bioreactor system, designed to utilise waste carbon dioxide and sunlight to produce algae for use as biofuel.

According to Algae.Tec, its enclosed photo-reactor system produces cost-scale and yield advantages in comparison to the open pond method.

Another recent partnership to produce biofuels in India was between LanzaTech, a US low-carbon fuel and chemicals producer, and India’s Centre for Bio-Energy. The pair joined forces in an agreement to produce low carbon fuels from industrial waste CO2 gas. The bioenergy centre itself is a joint venture between the Indian Oil Corporation and the Indian government’s Department for Biotechnology.