U.S. biodiesel research company GreenFuel Technologies has licensed its process to produce biodiesel from algae to South African company De Beers Fuel fully two years before it will be ready for commercial application. That's not really so bad if De Beers want to be out in front and are willing to take a gamble on commercially unproven technology themselves.
Using algae to make biodiesel has been talked about and tested for a while now. One of the leaders in the field is GreenFuel Technologies Corporation, which is giving the little plants CO2-rich environments like smokestacks and seeing how they make fuels like methane and biodiesel (see previous posts listed below). GreenFuel announced last week that it would license its Emissions-to-Biofuels™ technology to the new South African company Global Renewable Energy Efficiency Network. South Afr
What ideas are worth buying into? It’s buried down a bit in the text, but this San Francisco Chronicle article makes it clear that technology companies that have bold ideas for green juice are getting funding out of venture capitalists. The paper reports that 172 companies in the Bay Area received $1.9 billion in the first three months of 2006. Some of those new companies mentioned in the article include GreenFuel Technologies (which recycles smokestack emissions), Southwest Windpower (the