SOCAR Turkiye Research & Development and Innovation, and Technip Energies will cooperate on the production of jet fuel from microalgae, Azernews reports,citing local media outlets.
As a result of the analyzes conducted by SOCAR Turkiye R&D and Innovation and its project partner Technip Energies, it is planned to produce about 40 thousand tons of bioreactive fuel every year.
Under the agreement, both companies will also combine know-how.
SOCAR Turkiye R&D and Innovation provides resources for research and development of PCMR technologies. Technip Energies contributes with its technological and engineering expertise.
The collaboration agreement focuses on the development and optimization of PCMR technology for the direct conversion of microalgae to hydrocarbons for fuel production.
Biofuels increase efficiency and enable sustainability by reducing high operating costs.
SOCAR Turkiye R&D and Innovation develops innovative technology with low operating costs by directly and continuously converting microalgae biomass in seawater into biofuels and biochemicals at low temperatures.
This will reduce the industrial carbon footprint, keep the environment clean and reduce the financial costs of investment operations in the industry.