Codon Devices inks algae ethanol partnership with Algenol

July 9, 2008

In Massachusetts, Codon Devices announced a multiyear partnership with Algenol, in which Codon will supply bioengineering etchnology and Algenol will contribute its scientific intellectual property, to produce algae based ethanol.

Algenol Biofuels announced an $850 million investment from Mexico’s BioFields last month, using the company’s technology to produce ethanol from micro-algae. The company uses a process developed by CEO Paul Woods in the 1980s to produce ethanol from algae cells, and the company says that its process bypasses the costly step of drying and pressing algae to extract oil for biodiesel.

The company said that it plans to initially produce 100 Mgy of ethanol at its first plant using saltwater, in the Sonoran Desert of Mexico, and will increase production by 2012 to 1 billion gallons, with a projected yield of 6,000 gallons per acre. The company reported that it had received $70 million from undisclosed private investors in addition to the BioFields proceeds. BioFields said that it has already signed an off-take agreement with Pemex, the Mexican state oil company.

Algae background

Algae-based research and development continues to pick up in pace, even though the US Defense Department is estimating that the current production cost of algae oil exceeds $20 per gallon. Recent developments include:

  • MIT project reduces CO2, NOx emissions 85 percent using algae broth
  • Royal Dutch Shell is saying that "significant hurdles must be overcome before algae-based biofuel can be produced cost-effectively," citing the large amounts of water currently required for a project....
  • HR Biopetroleum to build demonstration-scale algae oil plant in Maui, using Maui Electric CO2 emissions as feedstock
  • In Hawaii, HR Biopetroleum announced that it will build a microalgae production facility adjacent to the Maui Electric plant in Maalaea, and will use 10 percent of the Maui Electric plant's CO2 emissi...
  • U Georgia researchers, Dalton Utilities study algae biodiesel production from wastewater
  • Researchers at the University of Georgia have initiated a project to study the production of algae biodiesel using wastewater. Team leaders said that they hoped to have a process ready for testing in ...
  • Australian research team targets 12X improvement in saltwater algae costs
  • In Australia, researchers at Murdoch University will set up a series of saline algae test ponds and photobioreactors in a bid to reduce the cost of algae production from $11.46 per kilo to a target of...
  • Ethanol from seawater and algae gains large investment: a Biofuels Digest profile of Algenol
  • By Biofuels Digest correspondent Bob Brooks One billion gallons of ethanol per year by 2012 are projected from a (near $1 billion) new technology facility being constructed in the Sonora desert ar...
  • International Energy taps new CEO to lead commercialization of algae oil extraction technology
  • In New Jersey, International Energy, an early-stage algae biodiesel development company, appointed Gregory O’Reilly as CEO, to lead development and deployment of its OilFlow extraction technology. T...

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