Empresas Copec, E-CL invest $14M in Chile algae project

In Chile, fuel and forestry conglomerate Empresas Copec SA and power generator E-CL SA are creating a joint venture for the production of micro-algae for biofuels. The project includes the construction of a pilot plant in Chile’s northern Atacama desert and an investment of $14.3 million aims to produce second generation biodiesel over the next five years.

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