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GreenFuel Technologies, Aurantia developing joint algae project in Spain

Biofuels company GreenFuel Technologies said it is moving forward on a 247 acre project in Spain that will grow algae for use in fuel, as well as food and animal feed. The company is partnering with Spain’s Aurantia SA on the $92 million venture at the Holcim cement plant near Jerez, Spain, where they plan to build greenhouses producing 25,000 tons of algae biomass per year.

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