Algenol Joins U.S. Mission to China

(Algae Industry Magazine) Fort Myers, Florida-based Algenol has joined the U.S. Secretary of Energy, Ernest Moniz, and the U.S. Secretary of Commerce, Penny Pritzker, on a business development mission to China. Other influential companies including GE, Southern Company, Honeywell, Praxair, Alcoa, and Lockheed Martin are also on this trip. “The companies selected…are key reminders that through world-class innovation of U.S. companies, we can decrease emissions while creating economic opportunities,” said Secretary Moniz.

Algenol’s goal for this mission is to offer Chinese government officials and private businesses solutions for reducing carbon emissions by recycling man-made carbon dioxide (CO₂) generated from carbon intense industries. Algenol’s technology turns carbon pollution into a business and economic opportunity by utilizing its patented algae platform to consume CO₂from industrial emissions and produce the world’s four most important fuels – ethanol, gasoline, diesel and jet fuel. Algenol’s fuels are independently certified by the U.S. Environmental Protection Agency to have a 69% reduction in carbon footprint compared to gasoline and diesel.

Algenol has proven that its technology can be successfully co-located with and managed by a partner, with its recent announcement that Reliance Industries commenced operations of the company’s production platform near the Jamnagar Refinery in India. READ MORE