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In October 2015, founder Paul Woods resigned and the company announced they were laying off 25% of the staff and changing focus to “water treatment and carbon capture" and possibly return to fuels in the future. [4] In 2016, their name changed to Algenol Biotech LLC and the company added other algae-based sustainable products to its portfolio.
Iran started investigating the production of algae from 2000. Scientific evidence shows that south Iran is the richest area in the world for cultivating algae, because of high humidity, sunny weather, large unused area and salty water. [2] The first version of algae based biofuel will become available for industrial purposes in 2015. [3]
In March 2011, Sapphire Energy and Monsanto announced a multi-year collaboration on algae-based research projects. [4] In May 2011, the company announced a multi-year agreement with The Linde Group to co-develop a low-cost system to deliver CO 2 to commercial-scale, open-pond, algae-to-fuel cultivation systems, now underway at the Green Crude ...
Cellana, Inc. was founded in 2004 as "HR BioPetroleum, Inc." and changed its name to Cellana, Inc. in May 2011. On January 31, 2011, Cellana LLC, a joint venture company formed by Royal Dutch Shell and HR BioPetroleum in 2007, became a wholly owned subsidiary of HR BioPetroleum, Inc./Cellana, Inc. Shell had previously announced on December 11, 2007, that it entered into a joint venture with HR ...
North Carolina’s 2021 state budget allocated $5 million to the N.C. Policy Collaboratory to study how a chemical would treat harmful algae blooms on large water bodies throughout the state.
Algae can be converted into various types of fuels, depending on the production technologies and the part of the cells used. The lipid, or oily part of the algae biomass can be extracted and converted into biodiesel through a process similar to that used for any other vegetable oil, or converted in a refinery into "drop-in" replacements for petroleum-based fuels.
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