New Clear Lake Company Promotes Algae as Biofuel
by John Skipper (Globe-Gazette) A company based in Clear Lake is turning waste and algae into renewable fuels.
Bud Jermeland, 51, president of Energae LP, said the primary focuses of his company are waste-based ethanol and the use of algae in the making of ethanol for the nutraceutical and pharmaceutical markets.
…The company recently purchased a 49 percent share of the Permeate Refining LLC ethanol plant in Hopkinton (Iowa).
That provides Energae with an instant revenue stream to help finance other projects.
The ethanol is waste-based, not corn-based, said Jermeland, so the product is not subject to the price swings of the highly-volatile commodity markets.
“Our typical feedstock cost is the freight bill it takes to get to our facility,” he said.
Energae is producing algae in South Carolina that will be used as a low-cost extract for alternative fuels. READ MORE
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