$100 million project to produce ethanol from red algae advances in Philippines

In the Philippines, a Korean research team has signed an MOU with Bohol Governor Erico Aumentado regarding the production of ethanol from red algae. Members of the research team are now testing suitability of Bohol-area waters in a pact with Biolsystems that will establish a 7 acre area for aquacultural testing, and up to 247,000 acres for aquaculture. The land would be leased for up to 50 years. A proposed $100 million ethanol facility will be constructed to distill ethanol.

The process utilizes the red algae species Eucheuma cottonii.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Bron-zeoak Philippines seeks financing for second ethanol project

In the Philippines, Bron-zeoak Philippines said that it is seeking finance for its second ethanol project, a 10 Mgy, 8 MW sugarcane power and fuel project that will cost $30 million. The company is lo...

Veredium says will complete due diligence in early 2010 for cellulosic ethanol project in Philippines

In the Philippines, Veredium Energy Ventures said that it will complete due diligence by the first quarter of 2010 on a project to produce ethanol from biowaste. The project would be the first cellulo...

Philippines launches $83 million coconut biodiesel plantation, processing project

In the Philippines, President Gloria Macapagal-Arroyo launched the country's first coconut biodiesel project, a $10.4 million processing plant in Pasuquin, as well as a $73 million plantation in more ...

Basic Energy to construct 14 Mgy ethanol plant in the Philippines

In the Philippines, Basic Energy will construct a 14 Mgy multi-feedstock ethanol plant at an undisclosed location. Project cost is projected at $70 million, and a Taiwanese investor is said to be asso...

9.6 Mgy cassava ethanol project in Philippines on track despite economic conditions

In the Philippines, Alsons Consolidated Resources confirmed that they are continuing with their Alcantara ethanol plant project at Bukidnon, and said that the company will commence construction in 201...

Philippine’s Basic Energy signs with Germany’s MAN for 19 Mgy cassava ethanol project; MAN may invest

In the Philippines, Basic Energy announced an agreement with Germany's MAN Ferrostaal Industrieanlagen for renewable energy and fuel projects in the islands. MAN said that it may invest directly in Ba...