Alltech Algae cuts ribbon on $200M algal biofuels production plant
In Kentucky, Alltech Algae cut the ribbon on its new $200 million plant in Winchester, Kentucky. The plant was acquired in 2010 from Martek Bioscience Corporation for approximately $14 million and has been renovated in the past few months to begin in April as what Alltech calls one of the largest algae production sites in the world.
The primary focus of the facility will be the development of products derived from algae. The algae will be used for value-added feed products, algae-derived bio-fuel and the production of ethanol. The ribbon cutting ceremony at the plant was attended by local and state government officials as well as the 60 global attendees of the first Annual Algae Conference hosted by Alltech in Lexington this week.
Category: Fuels
