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Foster Wheeler will provide engineering services to help PetroAlgae develop commercial solutions that will allow existing oil refineries to convert micro-crop biomass into green fuels, according to a memorandum of understanding signed by the companies.
PetroAlgae believes the partnership will fully advance processes that will transform large quantities of biomass into green diesel, gasoline, jet fuel and specialty chemicals.
“These solutions offer the promise of transforming sunlight into fuels, thereby providing countries around the world with yet another option on the path to sustainable and clean energy independence,” says PetroAlgae chief executive John Scott.
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