Algae Ventures Secures Development Loan for its Dewatering System
Algae venture had sometime in August last year come up with what was called the Harvesting , Dewatering and Drying (HDD) system which they claim radically improves one of the bottlenecks hindering algae fuels – Dewatering of algae. See my earlier post – (http://www.oilgae.com/blog/2010/08/harvesting-dewatering-and-drying-of-algae.html)
Now,Algaeventure Systems have reported that they has been awarded a $1.5 million loan from the Ohio development department’s R&D investment loan fund to support the purchase of machinery and equipment to manufacture their dewatering system . The $2.5 million project is expected to create 200 new jobs and retain 20 others.