ENERGY
Loxley to build B60m algae biofuel plant
- Published: 15 May 2012 at 00.00
- Newspaper section: Business
BRISBANE, AUSTRALIA : Loxley Plc is spending 60 million baht to build a pilot plant for algae-based biofuel, possibly in Ratchaburi province.
The location will likely be at the power plant owned by Ratchaburi Electricity Generating Holding Plc in Ratchaburi province so that carbon dioxide from the plant can be used to feed algae, said Nattapon Dejvitak, vice-president for business development of the SET-listed trading group Loxley.
The investment came after Loxley signed a memorandum of understanding for the algae-based biofuel development project with Bangchak Petroleum Plc, Ratchaburi Electricity Generating Holding and the Department of Alternative Energy Development and Efficiency (DEDE).
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