Australian and Indian Firms to Build Biofuel Facility in India
January 22, 2014Press release: http://www.asx.com.au/asxpdf/20140121/pdf/42m6x2ztbgwhq0.pdf
News article: http://www.bloomberg.com/news/2014-01-21/algae-tec-reliance-to-build-clean-fuel-facility-in-india.html
| |
Algae.Tec Ltd., an Australian producer of algal oils used to produce biodiesel, has announced that it is partnering with Reliance Industrial Investments and Holdings Limited (RIIHL) to build a pilot biofuels production facility in India.
RIIHL, an Indian company with investments in various sectors, is investing AU$1.5 million for the project, with additional investments of AU$1.2 million over the next 2 years.
The pilot project aims to produce 2 barrels of biofuels per day in India utilizing Algae.Tec's technology to be funded by RIIHL affiliates. The companies plan to work together to bring the technology to the market after the successful operation of the pilot facility.
| |
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
-
See more articles:
-
News from Around the World
- International Team Works to Confer Virus Resistance to the Most Important Brassica Vegetable
- African Orphan Crops Consortium Announces 100 Crops for Sequencing
- Disease Resistant Bean Varieties Increase African Farmers' Income
- Texas A&M Team Develops Longer, Stronger Cotton Fiber
- Genome Sequencing Reveals What Puts the 'Heat' in Hot Peppers
- ISU Researchers Sequence Genome of Fusarium
- NH Lawmakers Explain Why They Voted Against Biotech Labeling Bill
- Scientists Develop Climate Resilient Wheat for South Asia
- China Renews Biotech Corn Import Certificates
- India's President Calls for Urgent Need to Dispel Fears Over GM Crops
- India to Adopt Science-led Pathway for Agricultural Development
- Temperature Changes Affect Wheat Resistance to Yellow Rust
- EFSA Releases 2013 Annual Report of its Scientific Network for Risk Assessment of GMOs
-
Research Highlights
- Protein from Pathogenic Bacterium Confers Insect Resistance in Tobacco
- Scientists Evaluate Effect of Phytase Transgenic Corn on Laying Hens
-
Beyond Crop Biotech
- Scientists Pinpoint Genes for Deafness in Dogs
- Soil Microbes Alter DNA in Response to Warming
-
Announcements
- Plant Breeding for Drought Tolerance
- 4th Annual International Conference on Advances in Biotechnology
-
Resources
- ISAAA Releases Video on Biotech Crops Adoption in China, India, and the Philippines
-
Read the latest: - Biotech Updates (April 24, 2024)
- Gene Editing Supplement (April 24, 2024)
- Gene Drive Supplement (February 22, 2023)
-
Subscribe to BU: - Share
- Tweet