Bioalgene: 50 Hottest Companies in Bioenergy candidate profile
Bioalgene
Based in: Washington state
2008-09 ranking: Unranked
Business: Bioalgene cultivates algae to remediate pollution, and to produce fuel and other bioproducts. The company has developed proprietary methods to accelerate algae growth, has proven those at pilot level in a coal-fired generating environment, and is developing distinctive approaches to harvest and convert algae. It is a participant in multiple consortia seeking development and commercialization projects and grants.
Model: Project developer, strategic partner, service provider.
Past milestones:
1. Bioalgene’s initial work to prove growth methods and economics engaged partners from Washington State University and Seattle University.
2. Under a grant from Boeing, proved strain viability, growing conditions and yields from dozens of regional algae strains.
3. Demonstrated volume, high-yield growth in open-ponds.
4. Established its R&D center in Eastern Washington.
5. Farmed algae in a production environment, accomplishing a fourfold acceleration in growth using flue gases directly from a coal-fired generating plant.
Future milestones:
1. Engineering and pilot phase expected in 2010 for a major Midwest industrial emitter of greenhouse gases. Algae will be used to capture and convert CO2 and other pollutants.
2. Scale up algae production systems at the coal-fired generating plant where Bioalgene has previously captured CO2 and other GHG from flue gases in algae.
Metrics: Based on our testbed and production level work, Bioalgene expects to convert each million pounds of CO2 into more than 10,000 gallons of fuel feedstock and 500 tons of bioproducts.
Bioalgene quotable quotes: “The immediate promise and potential of algae is to convert and monetize pollutants. As much as we crave renewable fuels, turning pollutants into assets will be as important an achievement as reducing greenhouse gas emissions. Compound that by carbon credits, fuel and additional products, and algae makes more sense than ever.” – Stan Barnes, CEO
The Hot 50 for 2009-10 will be released Tuesday, 12/1. Between now and then, you’ll see profiles of potential candidates in the Digest, and you’ll have a chance to vote for your favorites. Reader response will count for 50 percent of a company’s overall score in the preparation of the rankings. The remaining 50 percent is voted by a panel of experts.
Free Subscription to the Daily Biofuels Digest e-newsletter
Subscribe FREE to the world's most-widely read biofuels daily. Enter your email in the box below,
Related Stories
Hot Topics
The Hottest 50 Companies in Bioenergy
Latest algae-to-energy news
Latest jatropha news
Latest Waste-to-energy news
Entry Information
Filed Under: Producer News
Post a Comment | Trackback URL
You must be logged in to post a comment.
