In Massachusetts, GreenFuel Technologies announced a $92 million deal with Spaish renewable energy developer Aurantia. Under the terms of the agreement, GreenFuel will construct algae greenhouses that will receive carbon dioxide sequestered from the Holcim cement plant in Andalusia near Jerez de la Frontera.
The company has been pursuing similar co-development projects around the globe; this is the first of its size for the algae industry.
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Engineer | Oct 22, 2008 | Reply
Algae is an important part of the biofuels portfolio going forward. Over the last 2-3 years many innovators, small companies and academic groups have made the decision to pursue roles in the algae value chain. One of the early leaders in this effort was Arizona Public Service, a technologically advanced utility, which recognized the possibilities of using algae as part of an integrated carbn strategy.
APS pursued due diligence in many algae technologies and early on worked with GreenFuel, however; today APS is only selling GreenFuel the electricity, water and land use rights for a 3rd party funded algae farm. APS is not endorsing GreenFuel.
Algae applications in energy are based primarily on its photosynthitic efficiency and adaptability to system inputs (water, solar, climate, CO2 carriers) and today the primary controversy is how will the algae be optimized. The DOE- National Renewable Energy Laboratory is strongly selling genetically modification of algae (GMO). This approad ignores the worldwide progress in natural breeding for positive attributes which has been steadily successful. GMO algae also exposes a large risk portfolio which has not been addressed. The headlong rush into GMO algae is explained by the identification of the advocates who do not wish to be publically associated with the risks only the potential payoff of commercialization.
On Dec 10-11 in College Park Maryland the DOE Biomass Office and NREL are convening an invitation only meeting designed to help strategize a pro-GMO message to use for appropriations capture on Capital Hill. This is driven by the CRADA NREL signed with Chevron which seems to call into question NREL’s supposed role in neutrally managing technology pathways.