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Algae, Macrocystis pyrifera. (Photo: BAL)

Renewable chemicals with native algae to be produced

Click on the flag for more information about Chile CHILE
Friday, November 30, 2012, 00:10 (GMT + 9)

The company Bal Chile aims to produce renewable chemicals with high added value using algae Macrocystis pyrifera (huiro), native to the Region of Los Lagos, as feedstock.

To develop this project, the company will use funds from the High Technology Business Innovation Programme of the Production Development Corporation (Corfo).

Bal Chile general manager, Yuki Kashiyama, said that this initiative complements the Bal Biofuels Consortium project, which is under implementation.

We will use "the same base technology and raw material," which will "expand Bal’s portfolio of products and markets as a global company, giving a boost to the development possibilities of the algae industry in general in the region," added the executive.

Kashiyama emphasized that Bal Chile will use its "unique technology" to harness algae as feedstock and also works in algae farming "so that it is not obtained from extracting natural banks," reported Pymesur.

"Bal´s farming techniques have attracted the attention of the world's largest algae producers, such as the Chinese firm Xunshan, who visited us recently and signed a collaboration and mutual benefit agreement in Chile and China," commented the entrepreneur.

The primary goal of Corfo High Technology Business Innovation Programme is to support the development of high-tech projects with a significant commercial potential.

This collaboration is offered for the development of early stages of the project, with high research and development (R&D) content, which seeks to reduce the risk through the development of prototypes, tests or trials and thus, accelerate its arrival to the market.

By Analia Murias
[email protected]
www.fis.com


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