Country

Australia

Date

18/09/2012

Entity

AlgaeTec, Lufthansa

Product

Biofuels

Category

Fuel contract MoU

Summary

Algae.Tec and Lufthansa have signed a Collaboration Agreement for the construction of a large-scale algae to aviation biofuels production facility in Europe adjacent to an industrial CO2 source. Lufthansa will arrange 100% funding for the project and commit to a long-term offtake agreement of at least 50% of the crude oil produced at an agreed price.

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Created at 10/10/2012 12:16 PM by FERRIER, BLANDINE
Last modified at 20/11/2012 5:58 PM by NOVELLI, Philippe