China Guodian is one of
The facility will utilize carbon dioxide emitted from the China Guodian's Penglai power station, and, according to Seambiotic, the facility will become operational during 2010. The joint venture agreements, with Yantai Hairong and Penglai Weiyuan, affiliates of China Guodian, contemplate additional farms to be established based upon a pre-agreed timetable.
“The joint venture with Yantai Hairong and Penglai Weiyuan is a major development for Seambiotic,” said
Seambiotic was founded in 2003 in cooperation with the Israel Electric Corporation (IEC) to grow and process marine microalgae for the nutraceutical and biofuel industries while acting as a carbon capture technology. Seambiotic's research efforts are performed at a pilot plant at IEC’s power station near
Seambiotic says that it is currently in transition from the pilot plant stage to commercial scale algae cultivation and production.