Greentech Lead Australia: Algae.Tec has signed an
agreement with Lufthansa to construct large-scale algae to aviation biofuels
production facility in Europe.
The site will be in Europe adjacent to an
industrial CO2 source.
Algae.Tec is an Australian advanced
renewable-oil-from-algae company that has developed a high-yield enclosed algae
growth and harvesting system, the McConchie-Stroud System. The Algae.Tec
enclosed modular engineered technology is designed to grow non-GMO algae on an
industrial scale, and produce biofuels that replace predominantly imported
fossil fuels.
Lufthansa will arrange 100 percent funding for the
project. Algae.Tec will receive license fees and profits from the aviation
biofuel Project, which will be managed by Algae.Tec. Lufthansa commits to a
long-term off-take agreement of at least 50 percent of the crude oil produced
at an agreed price
The agreement forms the base for a long-term cooperation
between Algae.Tec and Lufthansa for the industrial production of crude algae
suitable for conversion into aviation kerosene and conventional diesel fuels
As per the agreement, “both parties will jointly
develop a large-scale industrial algae oil production plant based on
Algae.Tec’s technology and operating support, and Lufthansa’s offtake
commitment for such algae oils.”
Algae oil produced by the Project shall fulfill at all
times the EU Renewable Energy Directive (“EU-RED”) and shall be
certified according to ISCC-Standard.
This agreement builds on and supersedes the MOU signed
between the two parties in January 2012. It is subject to final Board
approval of both parties and the final sign off for the algae oil conversion
into aviation kerosene. A final feasibility report will be completed once the
first site has been selected.
Neste Oil and Lufthansa complete renewable aviation fuel trial
Earlier this year Neste Oil and Lufthansa tested Neste
Oil’s NExBTL renewable aviation fuel on 1,187 flights between Frankfurt and
Hamburg last year and one intercontinental flight between Frankfurt and
Washington D.C. this year.
The key conclusion of the extensive tests carried out
during the trial is that the aircraft and their engines performed excellently.
The condition of the combustion chambers, turbines, and fuel systems of their
engines was exemplary both during and at the conclusion of the trial.
editor@greentechlead.com