Indian Oil ponders pond potential
Petroleum company Indian Oil is pondering pond matter as a biofuel.
The company has signed a memorandum of understanding with PetroAlgae to license the latter’s proprietary technology for producing and harvesting algae.
The Florida-based green fuel company has developed bioreactors and harvesting methods for converting algae grown in open-pond freshwater farms into biodiesel.
The first phase of its partnership with Indian Oil will involve building a test facility to see whether PetroAlgae's production method is scalable.
Once that has proven to be successful, Indian Oil plans to build a commercial production facility that could produce 200,000 tpa (tonnes per annum) of biodiesel.
That facility would also produce a protein by-product from the process that could be sold for use in making animal feedstock.
The company has signed a memorandum of understanding with PetroAlgae to license the latter’s proprietary technology for producing and harvesting algae.
The Florida-based green fuel company has developed bioreactors and harvesting methods for converting algae grown in open-pond freshwater farms into biodiesel.
The first phase of its partnership with Indian Oil will involve building a test facility to see whether PetroAlgae's production method is scalable.
Once that has proven to be successful, Indian Oil plans to build a commercial production facility that could produce 200,000 tpa (tonnes per annum) of biodiesel.
That facility would also produce a protein by-product from the process that could be sold for use in making animal feedstock.
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