| West Bengal, which has large tracts of its barren land, devoted to Jatropha cultivation, was well placed for production of alternative bio-diesel, generated from algae.
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| Chennai-based Biomax Limited has submitted a proposal to the state government for producing bio-diesel from algae in the Sunderbans region.
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| "Biomax had preliminary discussions with the Sunderbans Development Board to start algae cultivation and set up a bio-diesel plant in the Sunderbans", Chaudhuri claimed.
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| A top government official, however, confirmed that Biomax had completed the feasibility study and received the in-principle approval for its proposed bio-diesel plant, which will be set up on area of 1000 acres.
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| The official refused to give the time-frame for the final approval of the project as the project proposal was still under consideration.
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| Biomax was hopeful of commencing production one year after it received final approval.
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| It had targeted an annual production of 15,000-20,000 tons of algae per annum.
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| The yield per hectare of the algae is 20 tons, ten times higher than that of jatropha.
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| The project would be set up in a phased manner.
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| Biomax has lined up an investment of Rs 50 crore in the first phase.
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| The algae cultivated on a massive scale would first be converted into vegetable oil, which in turn will be used for producing bio-diesel.
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| Biomax, the leader in biofertilizer technology is engaged in the manufacture and export of biotech products. |
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