EPA Approves Algenol Fuels For Renewable Fuel Standard
Tuesday, January 13, 2015
EPA certifies its fuels reduce GHG’s by 69%
January 13th, 2015, Fort Myers, FL – Algenol announced today the U.S. Environmental Protection Agency (EPA) has approved fuels made from Algenol’s process as an advanced biofuel, meeting the Greenhouse Gas (GHG) reduction requirements under the Renewable Fuels Standard (RFS). Fuels produced from Algenol are now eligible for a Renewable Identification Number (RIN) under the D-5 classification. The EPA’s approval of Algenol’s patented Direct to Ethanol pathway covers its bio-crude co-product under an already existing pathway.
“The EPA approval is a milestone event for Algenol. The EPA validates that our suite of fuels meet the GHG reduction requirements set by the EPA for advanced biofuels and allows blenders and refiners to use our fuels to meet their Clean Air Act obligations under the RFS,” stated Paul Woods, Founder and CEO of Algenol. RINs can be purchased by blenders to document compliance with the RFS. As part of this approval, the EPA determined that ethanol produced from the Algenol process resulted in an approximate 69% reduction in greenhouse gases when compared to gasoline.
“The RINs ascribe both GHG reduction value and real economic value to Algenol’s fuels,” Woods said, “but the true game changing part originates from paying for CO2 emissions by converting them into valuable, low cost transportation fuels.” He added, “just imagine how refreshing the carbon dialogue would sound if CO2 emissions become a corporate asset rather than a liability.”
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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 was recently awarded the 2014 PLATTS Global Energy Award for Leadership in the Biofuels Industry, and Algenol was named the #3 Global and #1 American company in bioenergy by Biofuels Digest.
For more information about Algenol, please visit www.algenol.com.