Posted by Big Gav in algae
Green Car Congress has a report on a proposed large algae to biofuel plant (in this case, ethanol rather than biodiesel) in Arizona.
PetroSun BioFuels Refining, a subsidiary of PetroSun, Inc., has entered into a joint venture to construct and operate a biodiesel plant near Coolidge, Arizona. The feedstock for the refinery will be algal oil produced by PetroSun BioFuels at company owned and operated algae farms to be located in Arizona.
The refinery will have an annual biodiesel production capacity of 30 million gallons. PetroSun BioFuels will process the residual algae biomass into ethanol.
The biorefinery and algae farm complex will generate all of its own electrical and heat requirements, utilize non-potable or saltwater, consume no fossil fuels and will be carbon neutral. The joint venture anticipates that all permits will be approved and construction on the biorefinery should commence during the third quarter of 2008.
It sounds a little too good to be true, but construction is planned to begin this year, so we'll find out soon enough. One commenter points out :
Aww, shucks guys, this announce is full o' holes. First the outfit states its forming a "joint venture." Okay with whom? The other venturer is never named! Oops. Second, this is a micro-cap corporation traded OTC at $0.15 a share and $0.00 reported market cap. Can we say Pump and dump?
Where we can be enthusiastic is about the Shell JV. At least there is real money there and a burgeoning technology. If you haven't looked at GreenFuel or Vertigrow lately check em out. The clear polyvinyl bags seem to be working.
For the guys over in Coolige, AZ operating out of a one room suite in Scottsdale penalizes believability.