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Argentina Co in Biodiesel from Algae Work - Oil Fox |
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An Argentine company called Oil Fox announced recently that they would produce biodiesel from algae oil for commercial use. According to the website SciDev.Net, the company has signed an agreement with the government of Chubut province (located in Patagonia, Argentina) to grow four species of algae in “secret” pools around the province (to avoid industrial espionage, they claim). The whole project would involve 19 million US dollars investments -from German capitals-, and is supposed to result in 240 thousand tons of biodiesel. This is the latest of a series of announcements related to biofuels that have been taking place in the country in the last year, and specially after the launch of a biodiesel law by Argentine government and the US president George Bush’s visit to the region (in which he signed an agreement to promote a market for ethanol with Brazilian president Luiz Inacio Lula Da Silva).
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Tags : argentina, south-america,
Sub Topics - Algae Fuel Companies,
Algae Fuel Trends,
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