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. Algae.Tec Ltd. earlier post ) signed a binding Memorandum of Understanding (MOU) for a 50/50 equity joint venture (JV) in China with Shandong Kerui Group Holding Ltd.

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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. Burgeoning ship traffic has increased the amount of pollution in the atmosphere, particularly above the Sri Lanka-Sumatra-China shipping lane, where the study notes a 50% increase in nitrogen dioxide, a common air pollutant, over the 20-year period.

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