In Australia, Algae.Tec reports they have signed a collaboration contract with Holcim Lanka, a cement and building materials company in Sri Lanka, to build its first algae biofuels production facility in Asia. Holcim was attracted to the Algae.Tec solution as a way of reducing its carbon footprint by channeling waste carbon dioxide into the algae growth system, and generating biofuel at below market cost.
The biofuels production facility will initially comprise a production plant of five photo-bioreactor modules. This plant will allow Holcim to evaluate capturing more waste carbon dioxide in a much larger facility. The photo-bioreactor modules are assembled at the company’s USA facility, the Algae Development & Manufacturing Centre in Atlanta, Georgia.