Hawaii may float a $50 million bond to fund algae-based biodiesel project

In Hawaii, the state is looking to raise $50 million in bonds to help support Florida-based BioTork to implement a demonstration facility that would produce algae-based biofuels from papaya waste. The state loses 35% of its papaya production annually to wastage, so the project would allow the industry to recuperate some of that lost investment. Sweet potato, sugarcane and mango are among potential other waste feedstocks.