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September 22, 2009 | Jim Lane | Comments 0

Today in Biofuels Opinion: “Two-acre plant could produce 6,000 tons of algae.”

From CleanTech.com:Vienna, Austria-based See-O-Two has developed what it says is an industrial scale system to grow and use microalgae…The company’s CEO Joachim Grill said that a two-acre plant, using the company’s technology, could produce 6,000 tons of algae and consume more than 13,000 tons of carbon dioxide. See-O-Two said it is already running a semi-installation at an undisclosed power company in Austria and recently sold a 20-acre plant to an undisclosed client in the Middle East.See-O-Two has raised $2.8 million to date from investors including See Private Equity Fund.”

From Seeking Alpha:It is a buyer’s market for those developing large wind, solar, bioenergy, biofuel, and other renewable energy projects. In 2009, land is less expensive, equipment cost less, deliveries are faster, and warranties longer. It is a buyer’s market if you have cash, yet it continues to be a difficult time to secure debt financing.”

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