In Arizona, Heliae Development has booked $4.2 million in sales for their raceway-based algae growing technology in 2014, after recently completing a $13 million demonstration plant. Although the company has equipment on site to develop fuels from the algae, and the company has previously turned algae into jet fuel on site, Heliae is focusing on the growing side of the equation. The company brought in more than $1 million in revenue last year.
More background on the story from the Digest
Category: Producer News