US Algenol Biofuels to set up integrated biorefinery in Florida

(ADPnews) - Nov 23, 2010 - US algae biofuel technology firm Algenol Biofuels Inc last week said it will build a pilot integrated biorefinery in Lee County, Florida.

The company will establish the facility on 36 acres (14.6 hectares) of land near its newly opened laboratories in Florida in order to cut costs and speed up commercialisation of its third-generation biofuel technology that produces ethanol directly from carbon dioxide using blue-green algae.

The initiative has the support of the US Department of Energy, the Lee County Commission and Algenol's strategic partners, including the Dow Chemical Company (NYSE:DOW), the National Renewable Energy Laboratory, the Georgia Institute of Technology and Membrane Technology and Research.

"The total commitment by Algenol represents at least 120 new jobs and millions of dollars of additional capital investment to Lee County. This also furthers our commitment to green energy and diversification in Southwest Florida," said the executive director of the Fort Myers Regional Partnership, Lee County's Economic Development Office, Jim Moore.

Choose your newsletter by Renewables Now. Join for free!