Monday, March 17, 2008

GreenFuel lands big deal for algae fuel plant

There are a range of biofuels companies who recently got sales or added investment or larger production facilities.

GreenFuel Technologies has reached an agreement to build an algae-to-fuel plant in Europe, which could be worth as much as $92 million...GreenFuel uses a portfolio of technologies to profitably recycle CO2 from smokestack, fermentation, and geothermal gases via naturally occurring species of algae. Algae can be converted to transportation fuels and feed ingredients or recycled back to a combustion source as biomass for power generation. Industrial facilities need no internal modifications to host a GreenFuel algae farm. In addition, the system does not require fertile land or potable water.

Range Fuels said it is has secured $100 million to build a gasification plant that will make ethanol from blue chips...Range Fuels has invented a two-step thermo-chemical process to produce cellulosic ethanol. Even if these words are foreign to you, the positives are sure to resonate: the process is self-sustaining, produces virtually no waste products, emits very low levels of greenhouse gases, and produces high yields of clean ethanol.

ethanol company Coskata, which General Motors has invested in, was said to have landed $19 million to ramp up its operations...Coskata is a biology-based renewable energy company. Our technology enables the low-cost production of ethanol from a wide variety of input material including biomass, municipal solid waste and other carbonaceous material. Using proprietary microorganisms and patented bioreactor designs, we will produce ethanol for under US$1.00 per gallon.

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