World Health Energy Holdings Inc (WHEH) has signed a letter of intent (LoI) with Prime Inc India to develop a US$100 million, 250 acre algae biodiesel and fish food production facility.
The proposed sites for the algae biodiesel and fish food development are in Tamil Nadu and Karnataka, India and will utilise the GB3000 algae enhancement technology system from GNE-India, used for growing algae for the production of fish feed, proteins and biodiesel.
Liran Kosman, CFO of World Health Energy, says: “We look forward to working with Prime Inc India in the design, development and support of a cost-efficient algae production farm. We anticipate scaling up operations and completing a number of significant algae projects in 2012.”
WHEH recently acquired the algae technology company GNE-India, which holds the distribution and licensing rights to the GNE GB3000 system, to grow algae quickly and efficiently for the production of biodiesel and commercial fish food protein.
