Feb. 5 (Bloomberg) -- Western Australia state agreed to fund a A$10 million ($10.4 million) pipeline that will carry seawater to companies in the Pilbara region that make products from algae.
The pipeline will initially support Hayward, California-based Aurora Algae Inc., which is investing A$86 million in a facility that will produce biodiesel, Omega-3 fatty acids for health supplements, and protein-rich biomass for aquaculture and animal feed, the state government said today in an e-mailed statement.
“It has already been recognized that the Pilbara is ideally suited for the development of an algae industry,” Premier Colin Barnett said in the statement. “This common user infrastructure will deliver benefits beyond encouraging the investment of Aurora Algae, with the seawater resource capable of supporting further investment by other industrial users.”
The Pilbara region is the world’s biggest iron ore exporting area. Aurora’s production facility will help cut carbon emissions by the mining industry and support local supply of diesel, according to the statement.
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