Catfish Farmers Becoming Landlords of Algae
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The Scottsdale, Ariz.-based company wants to convert Barret’s catfish ponds into an algae farm to produce alternative fuel, paying the owner of B&B Fish Farm thousands of dollars to baby-sit the new and unusual crop.
Barret and Jordan have agreed to lease their old catfish ponds to PetroSun to grow algae used in the production of biodiesel, ethanol, and livestock feed. The company plans to begin algae-to-biofuel operations after obtaining permits from the Department of Environmental Quality and other state agencies. Former catfish farm employees would help harvest the algae.
Terri Chiang, an authorized agent for PetroSun BioFuels, has been introducing the lease program to state officials and catfish farmers in Mississippi, Arkansas, Louisiana, and Alabama. She said it’s like an oil and gas lease.
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