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Global Green for Worldwide Rights for Algae 2 Oil

You are at Oilgae Blog. See also: Oilgae – Oil & Biodiesel from Algae

The following is the abstract of the news item…

Global Green Solutions Inc. announced it has the right to earn the exclusive world rights to a bio-fuel oil technology (known as Vertigro) from Valcent Products Inc. of El Paso, Texas.

Vertigro is a C02 sequestration system in high-density vertical bioreactors for the mass production of certain algae…Approximately 50% of the dry weight of the algae is an oil suitable for bio-fuel blending with diesel and for other uses. Vertigro is designed as a continuous closed loop that uses little man made energy and nominal water.

…yields up to 4,000 barrels oil per acre, per year, at an estimated cost of $20 per barrel are achievable on a commercial scale. …by comparison, typically corn will yield up to one-half a barrel of oil per acre per year at considerably higher cost; palm oil, with highest yield of conventional sources, delivers approximately fifteen barrels of oil per acre per year.

Vertigro will sequester approximately 2,700,000 tons C02 per year which will be sold as a green credit within the emerging green credit system within the USA and within the Kyoto Protocols.

Global Green has agreed to fund a demonstration pilot plant at an estimated cost of $2,500,000. The Plant will be built on Valcent’s lands located in the El Paso area by mid July of 2007…

…The US Department of Agriculture believes that demand for biodiesel fuels will grow astronomically and account for 200 billion barrels produced by 2010….

Personalities mentioned:
Doug Frater, CEO of Global Green
Glen Kertz, CEO of Valcent

Companies/Organizations mentioned: Global Green Solutions Inc.

Full News Item can be found here – CCN Matthews

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algOS – Biodiesel from Algae Open Source

Oilgae – Oil & Biodiesel from Algae provides links, provides directory and web links resources for the algae-based biofuels & biodiesel. It is intended to be useful for research, information, inputs, news for buyers, sellers, manufacturers, traders, suppliers, producers, exporters and importers of algal oil and algal fuels. It will make an effort to provide info on biofuel feedstock, algal feedstocks, algae oil info and link, details on fuel from algae, bio-fuel, bio-diesel, bio-fuels, algal oils production and uses, and biofuels trade & market resources, data, statistics such as price, prices, demand-supply for buyer, seller, manufacturer, trader, supplier, exporter and producer

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