Australian Energy Minister Unveils Biofuels Produced from Algae
June 26, 2013News article: http://www.whyallanewsonline.com.au/story/1578410/gray-visits-whyalla-to-unveil-green-crude/?cs=1550
News article: http://www.biodieselmagazine.com/articles/9170/muradel-produces-algae-based-crude-oil-plans-demonstration-plant
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In Whyalla, South Australia, the first biofuel produced from microalgae by the Australian firm Muradel Pty. Ltd. at a pilot scale was unveiled by the Resources and Energy Minister Gary Gray.
Minister Gray said that the biofuel successfully produced by the pilot project would be a sustainable substitute for fossil based crude oil and potentially could displace up to 30 billion litres of petroleum fuel each year based on a study commissioned by the Australian Government.
Muradel produced the algae oil as part of a AU$10.7 million project supported by a AU$4.4 million investment from the Australian Renewable Energy Agency. In the next phase of the project, Muradel will construct the scaled-up demonstration plant in Whyalla to further reduce the cost of producing the biofuel. The demonstration plant is expected to be completed by the end of 2013 and will be operational in 2014.
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