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

May 30, 2013 |

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.

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Category: International

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