Moving further towards a circular economy, Taiwan Cement Corp recently announced plans to invest NT$200 million (US$6.25 million) to expand its existing microalgae center into a 20-hectare microalgae farm, Taipei Times has reported. According to the news report, with an estimated annual production value of about NT$400 million, the new farm is expected to begin operation in the first half of 2017.
The microalgae farm will not only help cut down carbon dioxide emissions, but also produce high-priced astaxanthin, which is one of the key ingredients for skin care products. The microalgae center of the leading cement supplier was established during the company’s cooperation with Industrial Technology Research Institute (ITRI) for a carbon capture project. The captured carbon dioxide was found to be able to grow microalgae and produce biofuels.
The technology application won an R&D 100 Award in 2014.
Source: Taipei Times