http://crystalequityresearch.blogspot.com/2012/10/algae-take...Also, mentioned this company which sounds worth researching. We were nearly ready to delete the Algae Group from our Beach Boys Index. Then Germany’s air carrier Lufthansa came flying in with a press release, announcing its plans to build “a large-scale algae-to-aviation biofuels production facility in Europe.” Lufthansa has partnered with Australia’s Algae-Tec Ltd. (ALGXY: OTC/PK or AEB: ASX), a developer of algae-based biofuel technologies, and has agreed to foot the bill for the facility, but has so far been mum on the cost. Algae-Tec will run the facility. The commitment of a large company like Lufthansa to such an undertaking is impressive. The air carrier had previously run several test flights using biofuel but complained about inadequate biofuel supplies. Commissioning and running the biofuel plant for Lufthansa will not be a maiden voyage for Algae-Tec. Just two months ago the developer opened a new algae-based biofuel plant in Australia’s New South Wales. The company claims to have perfected a “high-yield, enclosed and scalable algae growth and harvesting system.”One of the attractive elements to the Algae-Tec system is reliance on carbon emissions as feed for the algae. I noted that Lufthansa’s announcement made much of the emissions savings and that the location of the plant in Europe would depend upon finding a reliable source of carbon. They should have little difficulty in finding a partner willing to give up carbon.
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