BARD Plans to Join Hands With Sahara India Pariwar for the Development of Algae Production Facility in India
BARD Holding Inc., a Pennsylvania based algae fuel company, wants its first project outside the US to be located in India. For this project, the company is going to have talks with Sahara India Pariwar, a leading business entity in India. BARD produces fuel and high value products from algae, using their patent pending algae cultivation process.
The company claims that their technology allows even a small production facility could supply significant amounts of fuel and other high value products in an eco-friendly manner. So, a small village or township could produce their own fuel. For this the company plans to have collaborations with Sahara Infrastructure and Housing.
They have plans to introduce their product into the Indian nutra/pharma market. Their algae derived “Vegetarian Omega-3” could have a significant market value in India.
According to the company, starting from the launch of the partnership to the production phase, about a year’s time is required. They also claim that 5 acre indoor production facility, composed of 10,500 growth chambers as well as extraction, drying, biodiesel conversion technology, the total cost is approximately $65 million. That would produce approximately 13 mgy of oil which can be converted into biofuels and/or sold into the nutra/pharma markets.
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