; charset=UTF-8" /> Phycal LLC gets $25 Million Federal Grant - Oilgae Blog

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Phycal LLC gets $25 Million Federal Grant

July 26th, 2010 | No Comments | Posted in Uncategorized

Ohio-based Phycal LLC has landed a $24 million federal grant for a project that aims to produce biofuel from algae near Wahiawa.

The project will use industrial carbon dioxide emissions to cultivate microalgae for biofuel that can be blended with other fuels. The $65 million pilot project will use shallow ponds and processing facilities on 40 acres of former pineapple land.

The second-phase grant was one of six totaling $106 million announced by the U.S. Department of Energy. Phycal also has received private capital and a $1 million grant from the state Department of Business, Economic Development and Tourism.

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