Lufthansa Enters Algae Biofuel Production Deal
Follow us as we Twitter about energy.
Following up on the last blog post about AirBus’s vision of a sustainable future for aviation, we hear that German airline Lufthansa has entered a partnership with Algae.Tec to build a large-scale algae-based jet fuel production facility in Europe.
The agreement is the first step in a long-term cooperation to produce aviation kerosene from crude algae on an industrial scale.
Details about the size of the plant have not been made available yet, but the plant will be located near an industrial source of carbon dioxide emissions, which is the feedstock necessary to grow algae.
Lufthansa will arrange all the funding for the project. Algae.Tec will receive licence fees and profits from the Project, which will be managed by the company. As part of the deal, Lufthansa commits to a long-term purchase agreement of at least 50 percent of the crude algae oil produced at an agreed price. Besides, Algae oil produced by the project must always meet the EU Renewable Energy Directive (“EU-RED”) and will have to be certified according to ISCC-Standard.
The agreement expands on the MOU signed between the two parties in January 2012. It is subject to final Board approval of both parties and the final sign off for the algae oil conversion into aviation kerosene. A final feasibility report will be completed once the first site has been selected.
Algae.Tec’s promotional video:
Technorati Tags: algae.tec, aviation, Biofuels, Lufthansa
EnergyRefuge.com features the latest alternative energy news and information resources to raise awareness for the general public and environmentalists alike. Visit our alternative energy blog to stay up on the latest green news and be sure to download our free energy ebook.
2012-09-29 13:27:19
Source: http://www.energyrefuge.com/blog/lufthansa-enters-algae-biofuel-production-deal/
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).