James Cook University has received a $5 million grant from the Australian government to develop an algae-to-biofuels project. The grant will be used to research, develop and demonstrate Australia’s first freshwater and marine macro-algae to biofuels. It has also created a new AUS$15 million Advanced Biofuels Investment Readiness (ABIR) Program. The project will leverage a further $6 million from MBD Energy and the Advanced Manufacturing Cooperative Research Centre, taking total funding to around $11 million.
To sum it up, algae production is one of the fastest growing new industries in Australia. CMT’s 2nd Algae World Australia on 16-17 Apr, 2012 in Perth reflects on the robust algae developments, assessment of the possible scale of algae cultivation and biocrude potential across Australia and much more!
An excerpt from Bioenergysite