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June 06, 2008 | Jim Lane | Comments 0

Pure Power HQs in Singapore, algae holding company eyes Asian strategy

In Singapore, Pure Power said that it would establish corporate headquarters in Singapore for its renewable energy business. Pure Power recently acquired a stake in Aquaflow Bionomic, a New Zealand company which is harvesting wild microalgae and is supporting the Air New Zealand biodiesel trail scheduled for later this year. Pure Power also acquired BioJoule Limited, a cellulosic ethanol concern. In a statement, management said that the International Energy Agency forecasts a 57 percent increase in energy needs by 2030, and that two-thirds would come from developing countries, led by China and India.

New Zealand’s Aquaflow Bionomic has achieved commercial-scale algae harvest levels at its plant in Marlborough, and said that its new bioreactor installations are expected to bring the company to c0mmercial-scale production of biocrude “within the next few months”.

Aquaflow is rumored to be the fuel supplier for the upcoming Air New Zealand biodiesel test flight.

nbr.co.nz reported that the company has appointed aviation engineering consultant Des Ashton to lead operation development related to aviation projects. Last month, Virgin CEO Sir Richard Branson said that the Air New Zealand flight would use algae-based biodiesel, after the initial Virgin Atlantic flight using a mix babassu palm and coconut oils.

Algae-based research and development continues to pick up in pace, even though the US Defense Department is estimating that the current production cost of algae oil exceeds $20 per gallon. Recent developments include:

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