Inventure Chemicals has entered into a joint venture with Israel based Seambiotic Limited to construct a pilot commercial biofuel plant.The biofuel plant will use algae as a feedstock that will be produced using the emissions from a power plant.The algae thus grown would be harvested to produce biofuels such as ethanol , biodiseal and other commercial chemicals.
This joint venture will help in gauging the feasibility of carbon dioxide to algae to biofuel model.Additionally this conversion technology also provides an attractive option to reduce the carbon emissions of a coal plant ,a major environmental polluter.Furthermore, the biofuel obtained by algae processing can also act as a substitute power source in the coal plant,making it a win-win proposition all the way.
