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Algae Ventures Secures Development Loan for its Dewatering System

February 2nd, 2011 | No Comments | Posted in Algae, Algae-Energy-Companies

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.

See more: http://www.biodieselmagazine.com/articles/7563/algaeventure-wins-development-loan-for-algae-dewatering-systems

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