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IHI unveils algae biofuel test facility Yomiuri.co.jp | Nov. 9, 2012 YOKOHAMA--IHI Corp. on Wednesday unveiled to reporters its facility to test the cultivation of algae for biofuel in Yokohama. The company hopes to mass-produce the biofuel for use in jet fuel, with a target of practical use by 2020... ...The company hopes to reduce production costs to 100 yen per liter compared with the current 1,000 yen by teaming up with a start-up company linked to Kobe University. More...