article thumbnail

Algae.Tec to form JV in China for algae for renewable transportation fuels and carbon capture facility; raising A$5M

Green Car Congress

The facility will produce approximately 33 million liters of algae-derived transport oil and approximately 33,000 tonnes of biomass per annum at a combined value of more than $40 million, and capture 137,000 tonnes of waste carbon dioxide, according to Algae.Tec Executive Chairman, Roger Stroud. Separately, Algae.Tec Ltd. million shares.

Sri Lanka 210
article thumbnail

Axial Vector and Kirloskar Oil Engines Forming JV for Mass Production of Axial-Type Engines

Green Car Congress

Axial Vector Energy Corporation (AVEC) and Kirloskar Oil Engines (KOEL) have signed a binding memorandum of understanding (MOU) for a joint venture for the mass production of the Axial Vector axial-type, multi-fuel engines ( earlier post ). Rahul Kirloskar, Director, Kirloskar Oil Engines Limited. Source: AVEC. Click to enlarge.

Sri Lanka 210