A commercial pilot project for carbon sequestration and large-scale algae biofuel manufacturing in Australia has been successfully completed, OriginOil announced today.
The company partnered with Australian energy company MBD Energy through a licensing agreement that has allowed both companies to share intellectual property on proprietary algae-to-fuel conversion processes.
The algae-to-fuel process in this case begins with an existing coal power plant.
CO2, given off as a byproduct of MBD Energy's coal-fired power plants, is captured by micro-algae. The micro-algae convert that captured CO2 and use it to reproduce, creating higher amounts of algae, which can then be used as … Read more