Euglena to commercialize an algae-derived jet fuel by 2020
The demonstration plant, to be built in Yokohama for around JPY 3 billion, is to come online in the first half of 2018.
Using technology from Chevron, the Japanese venture plans to produce 125 kiloliters a year that can be certified as jet fuel. Euglena will partner with engineering company Chiyoda, ANA Holdings, Isuzu Motors and Itochu Enex, a subsidiary of trading house Itochu, on construction, commercialization and procurement.
In a news conference at Haneda Airport here, company President Mitsuru Izumo held up a flask of liquid. "This is a jet fuel made from euglena that can be used as is in aircraft," he said.
The fluid, refined in the U.S. from oil extracted from euglena - the algae after which the company is named - has the same chemical makeup as the kerosene used to fuel planes. ■