Saturday, September 20, 2008

Biofuel complex in Jerome, Arkansas to use algae

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The tiny southeast Arkansas town of Jerome in Drew County would be the launching pad for a $ 236 million biofuel complex that would use algae as one its raw materials, if the plans of a North Carolina developer become reality.

Site preparation has begun for the first of two biodiesel plants, each capable of producing 10 million gallons of fuel annually, said William Horton, president of The DFI Group Inc., a Raleigh-based real estate and commercial development company.

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