Regus invests in algae company

Regus Advisors has invested in Algae International so that it can build its first $2 million algae to biofuel development in California.

Regus, a private global investment banking firm, says the plant will be a large scale project will use CO₂, fuel cells, nitrates, phosphates, sunlight and algae to produce the biofuels.

Regus’ president, Mervyn Price, explains: ‘This process combined with a proprietary custom built ‘press’ will allow the venture to produce and deliver high grade HRD and HRJ fuel to the military and other commercial and industrial buyers. This is one of twelve ventures we are working on in this space.’

Pacific Oil Products will provide services to the plant and the company’s CEO, David Gair, explains what it is Pacific Oil will be helping with: ‘We design and sell oil extraction equipment to the emerging biofuels industry, including over 200 of our own patented Type 90J and A (400V/4kW) model commercial oil presses.’