A message from Algenol's CEO, Paul Woods - January 2015:
“Each and every day Algenol moves closer to commercial production of our advanced technology. This year, 2015, is the year we announce our first commercial facility, to be located in the United States. This first facility will provide the basis for rapid expansion around the world in suitable locations. Our company progress was recognized in a number of ways during 2014. Algenol was awarded the PLATTS Global Energy Award for Leadership in the Biofuels Industry and recognized as the #1 American and #3 Global “Hottest” Company in Bioenergy by Biofuels Digest. The EPA approved our Direct to Ethanol® Pathway for the Renewable Fuel Standard (RFS) and our Microbial Commercial Activity Notice or MCAN. Both approvals were critical steps needed for our commercial advancement.
As we continue our march to commercialization we have begun to operate our expanded Integrated Biorefinery and commercial module demonstrating our ability to produce the four most important fuels (ethanol, gasoline, jet, and diesel) for approximately $1.30 per gallon.”
- Paul Woods, Algenol Founder and CEO
Algenol is a global, industrial biotechnology company that is commercializing its patented algae technology platform for production of ethanol and other biofuels.
Algenol’s patented technology enables the production of the four most important fuels (ethanol, gasoline, diesel, and jet fuel) for around $1.30 per gallon each using proprietary algae, sunlight, carbon dioxide and saltwater at production levels of 8,000 total gallons of liquid fuel per acre per year. Algenol's technology produces high yields and relies on Algenol’s patented photobioreactors and proprietary downstream separation techniques for low-cost fuel production. These novel, low-cost techniques have the added benefit of consuming carbon dioxide from industrial sources, not using farmland or food crops and being able to provide freshwater.
Since its founding in 2006, Algenol’s scientists and engineers have invented and patented a broad array of new technologies for producing advanced renewable transportation fuels. The Company’s technology is a unique two-step process that first produces ethanol directly from the algae and then converts the spent algae biomass to biodiesel, gasoline and jet fuel. It is the only renewable fuel production process that can convert more than 85% of its CO2 feedstock into the four most important fuels.
We also continue to monitor opportunities to adapt our algae-based platform technology to produce valuable chemicals, such as propylene-based chemicals and polyethylene plastics.
If you are new to algae, use the links below to explore and learn more!