GreenFuel Technologies starts phase 2

GreenFuel Technologies Corp., a Cambridge company that seeks to commercialize algae farming technologies that recycle greenhouse gas emissions, today announced the second phase of a project to develop and scale algae farming technologies in the Iberian Peninsula.

The initiative is a joint project with Aurantia SA, which specializes in such fields as municipal solid waste treatments, landfill degasification, combined heat and power plants, and sea water desalination plants.

The joint project seeks to demonstrate that industrial CO2 emissions can be economically recycled to grow algae for use in high-value feeds, foods, and fuels, GreenFuel Technologies said.

The project started in December at the Holcim cement plant near Jerez, Spain.

GreenFuel Technologies said in a press release, "The Aurantia-GreenFuel project at Holcim consists of a series of development stages that could eventually scale to 100 hectares of algae greenhouses producing 25,000 tons of algae biomass per year."

“Algae are a very promising solution to diminishing oil reserves, escalating oil and food prices and climate change caused by greenhouse gas emissions, a fact that is underscored by our growing partnership with Aurantia,” GreenFuel Technologies chief executive Simon Upfill-Brown said in a statement. “The project at Holcim with Aurantia is a significant milestone in our strategy to commercialize GreenFuel’s algae farming technology. In fact Aurantia has already identified several thousand hectares of land in the Iberian Peninsula suitable for the deployment of GreenFuel’s technology.”
(By Chris Reidy, Globe staff)