Friday, June 20, 2008

Seambiotic to build algae-based biofuel plant in Israel

Tel Aviv-based Seambiotic and Seattle-based Inventure Chemical are teaming up to build an algae-based biofuel plant in Israel. The companies announced on Wednesday a joint venture to use CO2 emissions-fed algae to make ethanol and biodiesel.

The plant will use algae strains developed by Seambiotic. Founded in 2003, the company has been carrying out research and development at the Israel Electric Corporation's Ashkelon power station. The station pipes carbon dioxide from smokestacks to Seambiotic's algae ponds.

Check out this video for an explanation of Seambiotic's algae production technology.

Seambiotic's technology for producing algae will now be coupled with with Inventure’s algae to biofuel conversion processes to produce ethanol, biodiesel and other value-added chemicals. Inventure already makes biodiesel and ethanol from algae at an R&D site in Seattle.

“This is a milestone for Inventure, and for the next generation of biofuels,” said Mark Tegen, Inventure’s chief executive officer and co-founder. “Seambiotic has been extremely successful in its algae-based CO2 sequestering project with Israeli Electric Corporation, which proves the viability of their model. Combining their algae production technology with our algae to biofuel conversion process will close the loop.”

Seambiotic is led by CEO Amnon Bechar and Chief Scientific Adviser Prof. Ami Ben-Amotz.

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