IHI launches algae biofuels pilot plant

November 9, 2012 |

In Japan, IHI opened its algae biofuels pilot plant in Yokohama, and said that it intends to reach commercial scale by 2020, after having been in development on the project since 2010. The company said that current production costs are projected at $47.55 per gallon ($12.58 per liter), but that the company hopes to bring that figure down by a factor of ten, through a collaboration with a research team associated with Kobe University. In addition to fuels, the company expects to sell cattle feed and fertilizers.

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