FORT MYERS, Fla – September 23, 2015 - Ethanol made from algae will be commercially marketed and distributed for the first time in the U.S., thanks to a new, patented technology that uses algae to produce the four most widely used fuels: ethanol, gasoline, jet and diesel fuel. Algenol Biotech LLC, partnering with Protec Fuel Management LLC, will market and distribute ethanol - mostly for E15 and E85 applications - for retail stations, general public consumption and fleet applications for an estimated $1.30 a gallon.
By using algae to convert CO2 emissions into fuels, Algenol says it has developed a fossil fuel replacement with yields 20 times greater than that of corn. It is the only renewable fuel production process that can convert more than 85 percent of its CO2 feedstock into the four most important fuels, says Algenol.
“The key components and priority of ethanol's use are sustainability, cleaner air, and to provide the public with lower-cost fuel. … To be able to offer a fuel that can accomplish the three key components only bolsters this advanced biofuel's future," says Protec CEO Todd Garner.
According to Algenol, “a single 2,000 acre commercial Algenol module is equivalent to planting 40 million trees or removing 36 thousand cars from the road.” Algenol’s approach is identified as a qualifying technology for reducing carbon emissions as established by the government’s Clean Power Plan. In July, the firm was honored with a Presidential Green Chemistry Challenge award by the EPA for its landmark green chemistry technologies that turn climate risk and other environmental problems into business opportunities, spurring innovation and economic development.
The firm’s current module has the capacity to produce 16,000 gallons of ethanol per year, but within two years, Algenol hopes to have a plant in central Florida with the capacity to produce 18 million gallons of ethanol annually.
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