Biofuels are liquid fuels that have been derived from other materials such as waste plant and animal matter. AEB is focused on utilising algae to produce biofuels at its Reliance Plant in India.
RELIANCE PLANT – INDIA
Reliance Industries Limited is a Fortune 500 company and largest private sector corporation in India. AEB has commenced Phase 2 of its contract with Reliance to build a demonstration algae plant in India, which will demonstrate the Company’s capacity to produce economic biofuels from CO2 sequestrations, which are the key fuel source that grows the algae.
Successful commissioning of the demonstration plant will provide Reliance with a ‘Real Green Solution’ which can be rolled out across multiple sites in India. AEB plans to develop commercial sized plants for sale at approximately US$100m per plant.