EADS In Algae-Based Aviation Biofuel Venture In Brazil

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European Aeronautic Defence & Space Co. NV (EAD.FR) said Thursday it is considering an evaluation project to make algae-based aviation biofuel in Brazil in collaboration with local company BioCombustibles del Chubut.

It said that if the technical and economic evaluation is conclusive, it could lead to the development of a full-scale biofuel production plant in Brazil.

EADS' helicopter division Eurocopter is part of the cooperation agreement.

EADS demonstrated an algae biofuel-powered aircraft at the Berlin Air Show earlier this month.

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