Boulder, Colorado based Solix Biofuels is teaming up with Colorado State University to commercialize the production of biodiesel
fuels from algae. Algae are capable of producing 100 times more oil per acre than current oil crops like canola and soy, while growing faster than any other organism. If you've ever operated a swimming pool and let the chemical balance get a little off, you know how fast algae can grow. Solix is using photosynthesis to transform solar energy and atmospheric carbon dioxide into a useful fuel. According to Solix representatives, enough of its photo-bioreactor systems could be built to supply the current diesel
demand (4 million barrels per day) in the United States with algae grown on less than 0.5 percent of the US land area. This could be currently unused land adjacent to current power plants and ethanol
plants. The excess carbon dioxide from these plants could be captured and used for conversion of the algae into oil. In this way, the algae oil production both provides a fuel and acts as a means of temporary carbon sequestration. Most of the research is being done by the faculty of the university and Solix is working with them to commercialize the processes. Follow the Read link for the full Solix press release and check the article at GreenCarCongress
for more details on the actual process they're using for producing the algae and the oil.
[Source: Solix BioFuels via GreenCarCongress