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From Chemical & Engineering News: Latest News:
Dow Chemical is planning a pilot project with algae biofuel start-up Algenol Biofuels to convert waste CO2 into ethanol. The biorefinery is to be located in Freeport, Texas, at Dow's largest manufacturing site.
The project is contingent on Algenol's receiving a Department of Energy grant for up to $25 million, or no more than half the cost of the $50 million facility. The rest of the capital would be provided by Algenol, which would also own and operate the plant. Dow would contribute 25 acres of land, the CO2 supply, and technical expertise.
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