Algenol Successfully Launches Algae Fuels Demonstration Project In India
Wednesday, January 21, 2015
Energy Giant Reliance Industries Ltd., Co-locate Algenol Platform Near Jamnagar Refinery
January 21, 2015, Fort Myers, FL – Algenol and Reliance Industries Ltd., have successfully deployed India’s first Algenol algae production platform. The demonstration module is located near the Reliance Jamnagar Refinery, the world’s largest.
“The project is designed to demonstrate how robust the Algenol system is in India, and how the two companies will more broadly integrate refinery operations with Algenol’s platform in the future,” says Paul Woods, Founder and CEO of Algenol. “The deployment of our technology in India is a critical milestone,” adds Woods.
The demonstration has completed several production cycles of Algenol’s wildtype host algae, but ultimately could demonstrate the fuels production capabilities of Algenol’s advanced fuel producing algae and systems. The Algenol fuel production process is designed to convert 1 tonne of CO2 into 144 gallons of fuel while recycling CO2 from industrial processes and converting 85% of the CO2 used into ethanol, gasoline, diesel and jet fuels. The advanced fuel producing algae technology is successfully operating at Algenol’s Fort Myers, Florida headquarters.
“The initial project start-up and smooth transition begins to prove the viability of our technology in varying environments across the globe and the ability of partners to operate our production systems without Algenol’s day-to-day involvement,” explains Woods. Construction of the system was completed in November of 2014 by Algenol and Reliance engineers and biologists. Shake-down runs and systems tests have been completed and several successful batches of algae have been grown. At this time, day-to-day operations of the project are managed solely by Reliance Industries Ltd., after Algenol provided training and operational support. The effort is proof that Algenol’s technology can be colocated with and successfully managed by a partner.
The relationship between Reliance Industries Ltd., and Algenol is not new, as Reliance has been a strategic investor in Algenol’s technology since June 2011. Algenol’s technology recycles carbon dioxide into fuels through its direct-to-ethanol process which results in not only ethanol but gasoline diesel and jet fuel. India is the world’s third largest producer of CO2 and the facility’s ethanol and renewable crude oil production could help meet critical demand for energy in the country as well as help to reduce green house emissions from carbon dioxide. Algenol’s fuel production process requires saltwater rather than freshwater – a key advantage for India – which has incurred serious droughts in the past and faces significant demand for fresh water. The project is currently using saltwater from the Arabian Sea.
About Algenol: Algenol’s patented technology enables the production of the four most important fuels (ethanol, gasoline, jet, and diesel fuel) for around $1.30 per gallon each using proprietary algae, sunlight, carbon dioxide and saltwater at production levels of 8,000 total gallons of liquid fuel per acre per year. Algenol’s technology produces high yields and relies on Algenol’s patented photobioreactors and proprietary downstream techniques for low-cost fuel production. These novel, low-cost techniques have the added benefit of consuming and monetizing carbon dioxide from industrial sources, not using farmland or food crops and being able to provide freshwater. Algenol has been awarded the PLATTS Global Energy Award for Leadership in the Biofuels Industry and was named the #1 American and #3 Global “Hottest” Company in Bioenergy by Biofuels Digest for 2014-2015.
For more information about Algenol, please visit www.algenol.com