Holcim biofuels and carbon capture facility, Sri Lanka
Algae.Tec has signed a collaboration contract to build its first algae biofuels production facility in Asia.
The facility is being built in Sri Lanka with the local subsidiary of industrial giant Holcim, the world’s largest cement and building materials company.
The biofuels production facility will eventually comprise up to 250 photo-bioreactor modules once detailed plans, assessments and costings are completed. Once the site is in full production it is expected that the technology could be rolled out at other sites.
These initial 250 modules should produce approximately 31 million litres of oil for biodiesel production and 31000 tonnes of biomass per year, whilst capturing 125,000 tonnes of CO2, thus producing significant cash flow and profits whilst helping to clean up the atmosphere.
Holcim Lanka was attracted to the Algae.Tec solution as a way of reducing its carbon footprint while generating valuable biofuel at below market cost.