Greenfuel Technologies Corporation, a leader in the development of algae bioreactor technology for recycling CO2 in flue gases into biofuels, has signed a strategic alliance agreement with IGV (Institut für Getreideverarbeitung), a private industrial research institute headquartered in Potsdam, Germany. IGV is a pioneer in micro-algae research and production with more than 80 commercial technology deployments worldwide.
Under the terms of the agreement, GreenFuel and IGV will share proprietary algae bioreactor technology in an effort to accelerate the commercialization of biofuel production from recycled carbon dioxide in power plant flue gas emissions.
GreenFuel and IGV will also pursue commercial opportunities together in Europe. Once in commercial production, the GreenFuel Emissions-to-Biofuels process will allow power plants to significantly reduce carbon dioxide emissions, generate carbon credits, and produce clean, renewable biofuels. (Earlier post.)
GreenFuel estimates that its Emissions-to-Biofuels process can absorb a significant percentage (up to more than 80%) of a power plant’s CO2 emissions during the daytime, varying with available sunlight. The Emissions-to-Biofuels system scrubs NOx emissions around the clock.
Unlike typical agricultural biofuel feedstocks, such as soybeans or corn which have a limited harvest window, algae multiply every hour and can be harvested every day.
Algae can also be grown on poor quality land with non-potable water, so they don’t compete for land suitable for food crops. The carbon-enriched algae contain lipid oils and starches that can be converted into biodiesel and ethanol for transportation fuels. The residual protein can be used for animal feed and nutritional supplements. GreenFuel is currently involved in a number of Emissions-to-Biofuels pilot projects in the USA, Australia, Europe, and South Africa.