Under the agreement and the license agreement to be completed, Indian Oil will build a pilot facility to demonstrate commercial viability of producing renewable fuels from micro-crops in India.
A commercial production facility with 200,000 metric tons a year capacity would then be built under license.
Micro-crops include a range of microorganisms that can be harvested daily and yield between 25 and 100 times as much as macro-crops such as corn, soybeans and sugar cane, according to PetroAlgae.
These
