Collaboration formed to develop fuels from algae oil
Endicott Biofuels, LLC, a Houston-based, next-generation
biodiesel producer, and TransAlgae, Ltd., an algal biotechnology
company, have signed a Memorandum of Understanding for
the development of algae as a potential transportation
fuel and renewable chemical feedstock source.
TransAlgae’s mission is to develop commercially viable
algae strains for a variety of algae biomass growth platforms
in order to deliver cost effective transportation fuels
as well as other non-energy applications.
For the past year, Endicott has been involved in a fully
flexible feedstock development program for the production
of biodiesel, which includes algae oil-to-biodiesel commercialization.
Among its future development plans are technologies that
provide a higher degree of freedom for algae producers
in algae strain selection and algae oil extraction for
the production of biofuels.
“We believe that genetically modified algae provides
the best, large-scale, sustainable solution to the multiple
resource limitations the global economy is experiencing,
providing high-quality alternatives to fossil fuels,
petro-chemicals and protein sources without impacting
arable land and water,” said Dr. Noam Gressel, co-founder
and board member of TransAlgae.
“Well designed algal crops can fix carbon dioxide emissions
into biological molecules, such as carbohydrates, protein
and oil, enabling waste carbon dioxide (CO2) producers
to turn a cost into a revenue stream.”