PetroSun to joint venture in 55 Mgy algae biodiesel plant for Arizona

In Arizona, PetroSun BioFuels Refining will joint venture in the construction and operation of a 55 Mgy biofuels refinery in Arizona. PetroSun BioFuels will provide the algal oil feedstock, and the resulting biodiesel and ethanol will be distributed in Phoenix.

PetroSun previously announced its intention to establish 1,000 algae cultivation pods that will produce up to 2.56 billion gallons of algal oil per year. The announcement highlighted the potential of algae to supply a large percentage of domestic fuel consumption needs within a compact space, even with early-stage yields. PetroSun indicated it would pursue joint ventures with Mexican companies to establish its pods in Sonora state, which is located along the US border south of Arizona.

Last month, PetroSun completed a successful demonstration of a commercially-viable algae-to-biodiesel conversion in Georgia.

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