I think the GGASS guys are upto something
GGASS mission is to focus on the usage and applications of macro algae for biofuel. GGASS is based on the growing technologies developed in Israel by NoriTech Seaweed Biotechnologies Ltd ("NoriTechTM).
NoriTechTM has been growing macro algae in land based ponds for many years, and it has investigated the use of macro algae growing techniques, including boosting the growing with CO2, in order to increase the algae biomass for biofuel applications.
Cultivation technology of macro algae in seawater ponds enriched with commercial CO2 has been successfully developed and controlled nutrients and growing conditions affected the algal composition such as the ratio of carbohydrates to proteins and volatile solids content. Preliminary results with gas effluent consumption by seaweeds have recently demonstrated a high probability for success.
I have maintained for a while now that macroalgae are a much better bet owing to the ease of growth and harvesting...it is worth keeping an eye on where this company is going