Austrian company See Algae Technology is going to debut its algae production and harvesting process in a biomass plant in Brazil
The state of Pernambuco in Brazil’s northeast is going to become home to the country’s first algal biomass plant, thanks to an agreement between See Algae Technology (SAT), an Austrian developer of equipment for the commercial production of algae, and JB, one of Brazil’s leading ethanol producers. The plant will produce algal biomass from natural and genetically modified strains of algae.
So far, the cost of producing algae has been the biggest obstacle to bringing algae-based fuel to the market, but SAT has introduced a technology that has brought the price down to about that of ethanol - R$0.80 to $1.00 (US$0.40 - $0.50) per liter (around one quarter of a gallon). This is possible because production has been transferred from open air ponds to reactors of up to five meters (16.4 ft) in height, protecting algae from environmental interference.
"We believe that this marks a significant step forward in the evolution of our company and validates both our exclusive technology and the commercial viability of algae, especially for use in feed and biofuels,” said Dr. Joachim Grill, SAT’s CEO.
The plant will occupy one hectare (2.5 acres) and the total investment is €8 million (US$9.81 million). SAT expects the unit to be producing 1.2 million liters (317,000 gallons) of biodiesel per year when it starts operating in late 2013.
Source: See Algae Technology