; charset=UTF-8" /> WHEN Signs LOI with Prime Inc. India to Develop 250 Acre Algae Farm for Production of Biodiesel and Fish Food | Oilgae Blog

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WHEN Signs LOI with Prime Inc. India to Develop 250 Acre Algae Farm for Production of Biodiesel and Fish Food

December 22nd, 2011 | No Comments | Posted in Algae, Algae-Energy-Companies

In a recent Press Release, World Health Energy Holdings, Inc. (WHEN) has announced the signing of Letter of Intent (LOI) with Prime Inc., an India Industrial and transport Company, to develop a biodiesel production facility ramping up to 250 acres with a budget of up to $ 100 million.

The proposed sites for development are in Tamil Nadu and Karnataka in India. The project will employ an Algae Enhancement Technology, known as the GB3000 system, for growing algae for the production of fish feed, proteins and biofuel in India. Prime Inc. India’s current clients include Exxon, Shell, General Electric (GE) and Siemens.

According to Liran Kosman, WHEN’s CFO, the company hopes to scale up operations and complete a number of algae projects in 2012.

More on the Press Release

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