A green technology company that turns pond scum into biofuel has announced plans to build the first commercial-scale algae farm, a $92 million complex of greenhouses that are expected to eventually cover 247 acres. The company, GreenFuel Technologies, wants to recycle carbon dioxide from factories and power plants, and will use that gas plus sunshine to nourish its algae fields. The process provides two environmental benefits in one, as it simultaneously absorbs carbon dioxide emissions and provides a renewable source of fuel.
As prices for vegetable oils used to make biofuels has remained high, algae advocates have looked upon the slime as a possible savior. After all, algae are oily and could potentially produce more oil per acre than palm or other oil-yielding crops. Companies haven't yet succeeded in producing algae affordably and at significant volumes in spite of years of research and development, but a number of venture-backed companies ...
