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Iberdrola has closed 2011 with an economic impact in Andalusia of €170 million and confirms that its investee company, AlgaEnergy, is carrying out important initiatives in the Andalusian region

08 March, 2012

Through the technology and investment fund PERSEO, owned 100% by IBERDROLA and dedicated to investing in innovative technologies for renewable electricity generation and reducing the environmental impact of existing production systems, two projects in Andalusia are being carried out, among which is the CO2Algaefix, project led by AlgaEnergy.

AlgaEnergy leads the CO2Algaefix project and will build an industrial plant for microalgae production adjacent to the combined cycle plant of IBERDROLA in Arcos de la Frontera, which will take more than 200 tons of CO2 per year. The project aims to "develop industrial scale technology for the production of biofuels and other products from microalgae that contribute to CO2 fixation."

SEE ARTICLE (in Spanish)

LAST NEWS:

AlgaEnergy receives the ‘Alcobendas Leader’ Award in the category of Sustainability

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