Indonesian ministry partners with Korean Institute for biofuels from seaweed

In Indonesia, the Ministry of Fishery and Marine Resources announced a partnership with the Korea Institute of Industrial Technology to produce biofuels from seaweed. The Korean Institute developed the technology, while the Indonesian partner has responsibility for feedstock acquisition. The goal of the program is to reduce the cost of biodiesel by half, to $1 per gallon. Indonesia is projected to harvest 1.9 million tons of seaweed in 2009.

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