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Business trends

Japanese producers buck weak demand for algae-based biofuel

Southeast Asian production rises while palm oil waste also takes the spotlight

An algae-growing facility designed by Chitose Group in Sarawak Biodiversity Centre, Malaysia (Photo courtesy of Chitose Group)

TOKYO -- Japanese biofuel companies are expanding their production of fuel from sources such as algae and palm oil waste, despite the current lack of demand from the aviation industry and falling oil prices due to the COVID-19 pandemic.

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