Details emerge on Algenol-Dow algae plant: 100,000 gallon capacity, $1.00-$1.25 cost target

In Texas, the Houston Chronicle profiled plans of Algenol Biofuels and Dow Chemical to construct a $50 million pilot algae biofuels plant in Freeport. The plant will be located with Dow’s existing chemicals complex, and will supply CO2 as well as land for the pilot algae facility.

Dow said that it was interested in Algenol’s ability to sue algae to produce ethanol, which could be used as a base for making ethylene, which is in turn a feedstock for many types of chemicals.

The plant is designed to produce 100,000 gallons of ethanol per year at a target price of between $1.00 and $1.25 per gallon, according to Woods, who added that groundbreaking is expected to commence in 2010. Traditionally, chemical companies have been using natural gas as an ethylene feedstock. Algenol is among companies competing for a $25 million DOE grant.

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