GreenFuel Closes $18M Funding Round; Ethernet Inventor Now on Board
11 April 2006
|GreenFuel’s emissions-to-biofuels cycle|
GreenFuel Technologies Corporation, developer of algae-based bioreactor systems that scrub CO2 from flue gases and produce biomass for conversion to biofuel as a byproduct, has closed a $6.835-million Series B-1 Preferred round of funding with Polaris Venture Partners.
The new funding is a follow-on to $11 million in Series B funding secured in August 2005 from Draper Fisher Jurvetson and Access Private Equity.
Polaris Venture Partners will be represented on GreenFuel’s Board of Directors by Dr. Robert Metcalfe, a Polaris General Partner. Bob Metcalfe helped build the Internet and invented Ethernet—the dominant local-area networking (LAN) standard on which he shares four patents.
The GreenFuel system takes in a continuous stream of flue gases directly from the base of the stack. The algae in the reactor use the available carbon dioxide and water to grow new algae, giving off pure oxygen and water vapor in the process.
The organisms also absorb nitrogen oxide and sulfur dioxide, which contribute to acid rain. GreenFuel estimates that a single pass through the GreenFuel system strips flue gas of up to 40% of its CO2 on average, and 86% of the NOx.
When the algae die and drop to the bottom, the slurry is harvested, dried and used as biomass fuel, or further processed into biodiesel.
GreenFuel uses an implementation of an air-lift reactor (ALR), which is a type of pneumatic contacting device in which fluid circulation takes place in a defined cyclic pattern through channels built specifically for this purpose.
The process, called photomodulation, rotates the algae in and out of the sunlight, rather than bringing the sunlight to the algae, as in a competitive system being designed by GreenShift. (Earlier post.)
The GreenFuel bioreactor consists of a riser tube or channel, a gas separator, and a downcomer tube or channel, applied in a triangular configuration. The difference in the apparent fluid densities between the riser and downcomer provides the driving force for liquid circulation.
Wonderful. :) I love their technology.
Posted by: Cervus | 11 April 2006 at 07:50 AM
Have they atually processed the algae into biodiesel yet?
Posted by: tb2 | 11 April 2006 at 08:38 AM
The funniest thing is that if you don't want to turn the algae into biodiesel, you can always just make it into a smoothie and drink it.
Posted by: AES | 11 April 2006 at 10:04 AM
You can drink the green/brown sulfer-laden algae smoothie, i'll stick to traditional beverages.
Posted by: Aj | 11 April 2006 at 03:07 PM
If TDP actually works on anything other than (turkey) fat/oil, this would be a great application:
1. No need to dry the feedstock.
2. The product is chemically identical to petroleum products, sidestepping all biodiesel and ethanol's blending issues.
3. The fertilizer residue can be recycled to the algal pond, to optimize the algal growth...
Posted by: An Engineer | 11 April 2006 at 03:15 PM