With a public-private investment of $ 31.6 million, Chile will bet this year for research and development of technologies that can produce biofuels from algae.

The funds will support three consortia – Desert Bionergy, Biofuels AlgaFuels and BAL-Biofuels -integrated by private companies and universities. These were awarded in a competition launched last January by the National Energy Commission and the state development corporation of productive CORFO.