NZ Algae Biodiesel Producer to Join Girvan Institute
5 September 2006
The Girvan Institute is a non-profit, public benefit corporation established to speed up the development of cutting edge technologies into useful products and services. Girvan’s affiliates and partners include global research labs, Fortune 1000 companies, small and medium high-tech companies and a number of private equity and venture capital firms.
In late 2005, Aquaflow began a pilot test with the Marlborough (NZ) District Council to extract algae from its excess pond discharge. Aquaflow processes the algae pulp and the extracts lipid oil, which serves as the feedstock for biodiesel production.
In May 2006, Aquaflow announced it had produced its first sample of biodiesel from the sewerage algae. Aquaflow is now concentrating on increasing the production from its process, and testing the resulting fuel in a range of engines.
The company anticipates producing at least 1 million liters (264,172 gallons US) of biodiesel per year from its first production facility in New Zealand, to be located in Blenheim. Following the successful trial in May, Aquaflow has set up a US subsidiary.
Aquaflow recently secured funding for further research and development of the technology from the Foundation for Research, Science and Technology (New Zealand). Aquaflow is preparing a prospectus as its announcement has attracted considerable interest from potential investors.
This [invitation] is a huge opportunity for Aquaflow. We were thrilled when they approached us to join the institute. Silicon Valley is where the research and investment action is and Girvan can open so many doors for us. We’re looking at a number of propositions and talking to some major league players. The invitation to join Girvan seemed like a smart way to establish a sales base in Silicon Valley—Nick Gerritsen, Aquaflow director
(A hat-tip to Richard!)
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