BARD raises $40 million for 60 Mgy algae biodiesel plant in Pennsylvania

In Pennsylvania, Biodiesel Advanced Research and Development  (BARD) announced that it has raised $40 million towards the construction of a 60 Mgy algae biodiesel plant that will be sited in Philadelphia. The company will utilize CO2 acquired from a local power company and will utilize a closed photobioreactor system. The company said the $40 million represents half of the capital needed for the project.

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