Isuzu Motors Ltd. (7202) and Euglena Co. (2931) will work together to develop a new kind of biodiesel using algae, with a goal of establishing the technology by 2018.
The companies want to develop a type of fuel that can be used on its own unlike existing kinds that need to be mixed with light oil, they said in a statement today.
“As long as we use light oil for diesel engines, emissions of carbon dioxide are inevitable,” Susumu Hosoi, president of Japanese truck maker Isuzu, said at a news conference. “It is important to diversify types of fuel” for resource-poor Japan, he said.
Euglena, a Japanese biotech venture, has been developing jet fuel from algae with airline operator ANA Holdings Inc., President Mitsuru Izumo said at the event.
Biodiesel is suitable as a fuel for long distances, he said.
To contact the reporter on this story: Chisaki Watanabe in Tokyo at email@example.com
To contact the editors responsible for this story: Reed Landberg at firstname.lastname@example.org Iain Wilson, Jason Rogers