Volume 3, Issue 5
Published: June 26, 2009
Pond powered ethanol
Producing biodiesel from algae is the latest craze in the US, brought to the forefront again this month by the high profile demise of Massachusettsbased Greenfuel. The company, which struggled for eight years to commercialise its algae production system, shut down completely in May and is now selling off its assets. Although Greenfuel did not make it, there are around 50 other algaebased biodiesel companies in the US still persisting. But there are very few looking at using algae to produce the other major biofuel, bioethanol. Florida-headquartered Algenol believes it is taking a fresh, innovative approach to producing biofuels, using direct to ethanol technology, and has chosen Mexico for the location of its first industrialscale ethanol facility. Algenol signed a deal with BioFields nearly two years ago now, and has committed $850 million (€600 million) to build the facility near the Pacific coast close to Cabo San Lucas. Although the company ideally wants a plant on US soil, land in Mexico is half the price, and by locating here Algenol has secured a 1km corridor next to the ocean. Back in 2007 ethanol in Mexico was extremely unpopular as many believed using corn to make biofuels was the cause of rising tortilla prices.
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Further Articles in this Issue:
This month saw the return of the 2nd annual Biofuels International expo & conference in Amsterdam in the stunning venue of the Beurs van Berlage, the city’s former stock exchange. And despite the overall... [Read more]
Manning Feraci, VP of Federal Affairs for the National Biodiesel Board (NBB), has again outlined his fears this month regarding the Environmental Protection Agency’s (EPA) proposed Renewable Fuel Standard... [Read more]
Spot prices for FAME biodiesel – now the dominant biodiesel type traded – have outpaced the advance by the index setting heating oil contract, which is used as the benchmark price for diesel fuel sold... [Read more]
Producing biodiesel from algae is the latest craze in the US, brought to the forefront again this month by the high profile demise of Massachusettsbased Greenfuel. The company, which struggled for eight... [Read more]
Soyabean has been a key part of the recent economic miracle in Argentina, the world’s largest exporter of soya oil and the third biggest global producer. With its enormous feedstock cost advantage over... [Read more]
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