LCTI Low Carbon Technologies and Sunthenoil form JV for algae to oil project

In Canada, LCTI Low Carbon Technologies International has entered into a joint venture with Sunthenoil LLC. The JV plans to develop a 1,000 acre algae to oil project, located on LCTI real estate assets. The joint venture intends to utilize a technology as sub-licensed through Sunthenoil LLC from SunEco Energy of California. When complete, the project is expected to produce approximately 33 million gallons +/- of biodiesel and 30 million gallons +/- of animal feedstock supplement annually.