BNEF’s Claire Curry: is green algae a potential bio jet fuel?

The future of Japan’s biofuel industry may be pond scum. Or more specifically, green algae that’s swirling around in Euglena Co.’s tanks on the tropical island of Okinawan.

“Airlines will have an incentive to use biofuel even if it’s somewhat more expensive,” said Euglena’s CEO Mitsuru Izumo. “We’re now working on increasing the scale of production. We need giant facilities to create the tens of thousands of tons required by airlines.”

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