Emissions Standards Driving Algae Aviation Fuel Sourcing...or not

Algae in the River Wate photo via BigStock My post “Algae Takes Flight ” featured Algae-Tec (ALGXY : OTC/PK), Lufthansa ’s new biofuel partner. Algae-Tec has agreed to operate an algae-based biofuel plant in Europe to supply Lufthansa with jet fuel. Lufthansa is footing the capital costs of the plant, which is to be located in Europe near a carbon source. Algae thrive on carbon so industrial plants and power plants using fossil fuels make the best neighbors. Lufthansa has agreed to purchase a minimum of 50% of the algae-based biofuel Algae-Tec can produce. Australia-based Algae-Tec is not Lufthansa’s first biofuel source. The same week it inked the deal with Algae-Tec, Lufthansa also entered into a memorandum of understanding with synthetic fuel developer Solena Fuels Corporation . Solena has already decided on a location at the PCK Industry Park in Schwedt/Oder, Germany. ...

Full article: http://www.altenergystocks.com/archives/2012/10/emissions...

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@LMarovich » 12 Oct '12, 9pm
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