LOY Yang Power has signed a memorandum of understanding with MBD Energy to potentially use algae-based technology to reduce the emissions of a brown-coal power station.
Melbourne-based MBD Energy says that the technology provides an alternative to carbon capture and sequestration for all coal-fired power stations in Australia.The group says that its technology could also be utilised by other big carbon dioxide emitters such as mining plants.
Under the deal, a $2.1 million display plant will be built next to Loy Yang by the end of the year. If successful, the second phase would involve a $23 million pilot plant in 2011, leading to the construction of a $300 million demonstration plant in 2013.MBD has developed the technology with the marine biology department at James Cook University in Townsville.
Unfortunately, currently the Federal Government proposed carbon pollution reduction scheme does not recognise the biosequestration technology and rather focuses on carbon capture and sequestration underground.
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