Algae Back Under The Spotlight

30 03 2009

The Ohio-based company AlgaeVenture Systems announced on March 25, a new development in the production of algae into fuel that would cut the cost by 99 percent.

Algae Venture Systems

Algae Venture Systems

“For nearly 40 years, it has been widely accepted that if the cost of removing, harvesting and dewatering algae could be reduced to $50 a ton, algae could become a significant source of fuel,” said Ross Youngs, CEO of Univenture, parent corporation of AlgaeVenture Systems.

“We have demonstrated a truly disruptive technology that reduces that cost by more than 99 percent – from $875 per ton to $1.92 per ton,” Youngs said. “This breakthrough moves algae back into the spotlight as an economically viable, plentiful source of fuel.”