After investing 45 million euros, Electricidade da Madeira renounces algae production in Porto Santo

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The algae production plant, an industrial facility just outside the port of Porto Santo, is for sale. Electricidade da Madeira abandoned the project after 14 years of insisting on an investment that failed the original plan and aimed to turn algae into biofuel. The public company is now trying to recover part of the 45 million euros linked to the idea of ​​​​using carbon dioxide emissions from the island’s thermoelectric plant to produce algae which would then be transformed into fuel.

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