Investors in ‘fuel-from-algae’ scheme left high and dry

De Beers Fuel, which had promised South Africa biodiesel produced from algae, to date seems not to have made good on any of its pledges.

Most investors in the company, who invested up to R6-million each in biodiesel plant, in what was trumpeted to be the world


As far as Engineering News can establish, not one plant has been built.

The amount of money lost by investors, and the number of investors who have lost money, could not be determined owing to conflicting information on the value and number of plants sold.

Engineering News