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

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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.

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

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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.

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Satellite altimeter data study finds global ship traffic up 4x over past 20 years

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Ships powered by fossil fuels dump oil, fuel and waste into the water and pump exhaust into the air. In the Indian Ocean, where the world’s busiest shipping lanes are located, ship traffic grew by more than 300% over the 20-year period, according to the research.

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