Thai Company Partners with Australian Scientists to Develop Algae-based Biofuel
July 10, 2013News article: http://www.biofuelsdigest.com/bdigest/2013/07/08/thailands-ptt-teams-with-australian-researchers-on-algae-biodiesel/
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Thailand's PTT has teamed with Australia's Commonwealth Scientific and Industrial Research Organisation (CSIRO) as part of its plan to develop an algae oil extraction project and to introduce algae-based biodiesel into the market by 2017.
PTT has anticipated that it could transfer knowledge and expertise about algae-based bio-production from the Australia's lead science agency to the firm's research centre and use these to harness some potential strains of freshwater algae for local use. The company might also set up a production base for algal biofuel in Australia to attract investors, given its geographical advantages for algae cultivation.
PTT said that commercialization of algae-based fuel would help maintain national energy security by reducing reliance on fossil fuels. It could also replace the widely used palm biodiesel and sugarcane ethanol to reduce competition with food crops. However, economic viability of algae biofuel production remains a challenge. Currently the research and development of fuel extracted from marine algae costs about three to four times as much as palm-oil-based biodiesel.
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