COLORADO State Engines Lab Teams With Solix Biofuels Inc. To Mass Produce Oil From Algae
“Solix Biofuels Inc., a startup company based in Boulder, is working with Colorado State University engineers to commercialize technology that can cheaply mass produce oil derived from algae and turn it into biodiesel(…)
Solix officials plan to commercialize the technology over the next two years. After ramping up to widespread production, the company expects to eventually compete commercially with the wholesale price of crude petroleum.(…)Solix officials estimate that widespread construction of its photo-bioreactor system could meet the demand for the U.S. consumption of diesel fuel - about 4 million barrels a day - by growing algae on less than 0.5 percent of the U.S. land area, which is otherwise unused land adjacent to power plants and ethanol plants.(…)Colorado State and Solix officials are collaborating with New Belgium Brewing Co. to use excess carbon dioxide from the brewery’s plant to test the algae-based biodiesel process. » original news
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