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Seattle-based Inventure Chemical and Tel Aviv-based Seambiotic announced this week a joint venture to create biofuels from algae fed by a coal-fired power plant. Apparently, this is an idea growing in popularity. Seambiotic has developed a way to convert algae to biodiesel, ethanol, or specialty chemicals, and they’re testing their open-pond algae farm in Israel. The coal power plant and algae farm are working hand in hand to power one another – the flue gas emissions from the power plant will be used to grow the algae, which is in turn converted to fuel to either operate the plant, or be sold.

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