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Loxley invests 60million Baht for biofuel plant construction

Posted on : 18 Jul, 2012

 

Loxley Plc is investing 60million Baht to construct an algae-based biofuel pilot plant in Ratchaburi province. The investment came after Loxley signed a memorandum of understanding for the algae-based biofuel development project with Bangchak Petroleum Plc, Ratchaburi Electricity generating Holding and the Department of Alternative Energy Development and Efficiency (DEDE).

 

Nattapon Dejvitak, Vice President for Business Development in Loxley said that the location is likely to be the power plant owned by Ratchaburi Electricity Generating Holding Plc, so that carbon dioxide from the plant can be used to feed algae. Although it may take years to find the appropriate algae species for production, the construction on a six-rai plot will begin by mid-2012 and will be completed in the following several months.

 

He also added that Loxley would use the technology, wastewater treatment and techniques for algae plantation, harvesting and extraction developed by Brisbane-based algae oil developer MBD Energy Co. The daily algae production target is at 90 tonnes, which translates into 10 tonnes of biofuel a day. The plant will begin operation next year and based on business, a commercial-production plant with an investment cost of 1billion baht may be built within 2014. Loxley earlier said that it would spend about 4 billion baht under its five-year renewable energy plan which ends in 2014.

 

On 8-9 Nov in Singapore, the 5^th Algae World Asia will explore the possibilities and opportunities that algae development holds in Asia. As matter of fact, a key representative from Loxley is slated to deliver a presentation at the event. While the final conference details are underway, one may Pre-Register here. Enquiries may be directed to Ms. Huiyan at huiyan@cmtsp.com.sg

 

Source: bangkokpost.com