Aurora Biofuels Completes Algae Trial, Appoints CEO
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Aurora has been growing algae in two outdoor ponds (each roughly the size of an Olympic swimming pool) in Florida for the past year and a half. Algae produces bio-oil which can be converted into biodiesel.
Aurora says the test results suggest it can go ahead with plans for a 50-acre demonstration facility for which it has raised $20 million.
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- Aurora’s algae payoff: $50 a barrel.













