At a time where most people are looking for alternative fuel to use for their vehicles, the development for other sources of biofuel continues. And the latest biofuel that seems to be tops in the market today is the PetroAlgae.
In a gala event including the world’s foremost leaders in biofuels, PetroAlgae last night was presented the Sustainable Biofuels Technology Award in the Technology Supplier category at the 2009 World Biofuels Markets in Brussels.
PetroAlgae is commercializing next generation technologies to grow and harvest oil and animal feed from algae. A cost-effective substitute for petroleum oil, this remarkable process creates a renewable, carbon-neutral feedstock source for biodiesel. PetroAlgae uses naturally selected strains of micro-algae to produce rapid growth and high oil yield.
Our algae-cultivation bioreactor system can be built on a massive commercial scale, creating the opportunity to produce a cost effective alternative to fossil fuels and high-protein animal feed while absorbing CO2 from green house gas emissions. Expecting to begin commercial deployment in 2009 and opening a commercial scale pilot facility later this year, we are engaging with licensing prospects throughout the world. PetroAlgae offers a path to sustainable and clean energy independence through a process that is scalable globally.
(Source) Press
Tags: alternative to fossil fuels, animal feed, bioreactor system, cost effective alternative, green house gas emissions, micro algae, petroalgae, petroleum oil, sources of biofuel