March 17, 2008

GreenFuel lands big deal for algae fuel plant

There is some news out today of another algae to biofuels deal.

GreenFuel Technologies has reached an agreement to build an algae-to-fuel plant in Europe, which could be worth as much as $92 million, according to a report.

This seems to be information that is slipping out ahead of any official announcement.

This project which will grow algae using GreenFuel's algae bioreactor system fed CO2 emissions from a power plant.

And with PetroSun announcing recently that it will start operations in Texas on April 1, 2008 of their 1100 acre open pond facility, we should have an idea pretty soon how both of these new technologies is going to work out.

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