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World's Largest Algae Bioreactor 9

Has Green Star something up its sleeve?
Green Star a public company with environmental concerns produces algae biodiesel.
It was to auction its proprietary algal growth
biotechnology national licensing rights which was scheduled on September 9, 2010.
The auction has been cancelled;Green Star Products and its Consortium has entered into final negotiations to build the largest closed vertical algae bioreactor in the world in the United States (initial phase planned for 10,000,000 liter continuous culture).
Mon August 23 2010 06:35:08 AM by Veronica Green Star  |  algae bioreactor 4824 views

Comments - 3

  • Isabella wrote:
    Mon August 23 2010 08:49:16 AM

    The company claims to have won an award from biofuelsdigest.com
    Whatever they are doing
    a. building the largest bioreactor
    b. auctioning the technology

    seems tobe with drawing the attention to the company and its technology.

    Building a large bioreactor is not a big problem.
    How will one handle when there is a problem in side ? That is the question.

    Green Star Products, Inc. (US OTCPK: GSPI) and its Consortium announced in March that it will be auctioning the United States licensing rights to a game changing proprietary algae growth biotechnology on September 9, 2010.

    Presently, the algae industry is being kept from commercialization because of its inability to produce enough biomass.

    The technology to overcome this handicap is now available and will be licensed at an auction later this year.

    Vote Up! 1 Vote Down! 0

  • Natalia wrote:
    Mon August 30 2010 09:24:20 PM

    Here are some more interesting facts about the auction that was intended but cancelled. NOW the company knows how to draw attention to its technology. Now they are planning to build the worlds largest bioreactor.

    Originally, the auction was supposed to have been held New York City (Wall Street District) .
    The starting minimum bidding was said to be $5 million dollars and 50 seats were being made available to pre-qualified bidders.
    The successful bidder would have had access to algae growth technology which, the company says,
    can increase algae growth by up to and exceeding 200% in six day growth cycles as compared to present industrial growth methods.
    The exact specifics or chemistry of the Green Star technology were not made known, Mr. LaStella, said, "This technology is not expensive and can accelerate algae commercialization in a significantly short time frame."

    They were also planning additional auctions were in other countries , starting in France for the European Union rights and India next. The Consortium members behind the auction included Green Star Products, Inc., (10%), United Biorefineries Corp. (15%), Biotech Research, Inc., (17.5%), and various other investors including Korea and China participation.

    Mr. LaStella also stated that the Korea and China licensing rights have already been negotiated without an auction and are therefore not available. Furthermore, Mr. LaStella stated, "Both countries (Korea and China) have diligently pursued our technology while U.S. interests have pursued other agendas."

    Vote Up! 1 Vote Down! 0

  • MattS wrote:
    Sat September 04 2010 10:33:47 PM

    For the benefit of all involved here I would like to politely request that you visit www.scipiobiofuels.com which is our company website. We have solved the technical issues including continuous and size selective micro-algae harvesting. We're technologically and legally ready to go. We need capital. For us it comes down to needing $35K to unlock $5 Million so w can get on with this business of commercialization.

    Not enough biomass? I can tell you exactly why, and why not. I am not a biologist, or phycologist. I am a R&D guy who has designed built all manner of machines & devices for companies in various industries. My basic job function could be said to be, invent on command.

    I would like to be helpful. But being helpful has allowed me to help my competition to move ahead while we still chase funding. See my problem? Statistics are nice, science projects are neat, but in the real world it is performance that counts. That is until you talk algae. Then any amount of underachievement appears to be acceptable from a business standpoint. I say this because business thus far, has backed everyone with a good story and high expectations and not the innovators they claim to want.

    Vote Up! 0 Vote Down! 0

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