(By bloomberg.com)

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.

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