Iowa Power Fund to Invest in Algae Oil Pilot by Green Plains Renewable Energy?

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Green ponds of algae could someday join golden waves of corn in Iowa's renewable energy industry if a project advanced for likely state funding through the Iowa Power Fund board this week is realized.

The Iowa Power Fund board agreed Wednesday to entered funding negotiations for the state's first algae-to-biodiesel project, offering the promise of a new feedstock for Iowa's renewable fuels industry.

A pilot plant proposed by Green Plains Renewable Energy would use three byproducts from the company's Shenandoah plant - waste water, waste carbon dioxide, and waste heat from dryers - as feedstock to grow algae. The algae would then be harvested and processed into biodiesel

The Iowa Power Fund board authorized final negotiations for $2,190,407 state grant for phase I of the two-phase project.

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Nature gave us oil from algae; perhaps we should try Nature's way again
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  In the beginning, there were algae,
but there was no oil Then, from algae came oil.
Now, the algae are still there, but oil is fast depleting
In future, there will be no oil, but there will still be algae  
So, doesn’t it make sense to explore if we can again get oil from algae?
This is what we try to do at Oilgae.com – explore the potential of getting oil from algae