Algae.Tec and Lufthansa to collaborate on large-scale algae production

Australian biofuels company Algae.Tec Ltd. said that it had signed a collaboration agreement with German airline Lufthansa for construction of a large-scale plant to produce aviation biofuels from algae.
The agreement forms the basis of a long-term cooperation between the two companies for the industrial-scale production of crude algae suitable for conversion into aviation kerosene and conventional diesel fuels.
The size and cost of the plant was not released. The plant will be located in Europe, near an industrial source of carbon dioxide emissions, which is used as a feedstock for the algae.