Algenol is partnering with South China’s Fujian Zhongyuan New Energy Company (ZYNE) to solve three major problems: lack of clean air, clean water and the needs for sustainable, low carbon fuels. The two companies will work together on an exploration project where Algenol will take ZYNE’s captured CO2 and covert it to ethanol. Algenol’s technology, Direct to Ethanol, uses the CO2 as the feedstock for algae to produce ethanol, gas, diesel and biojet fuel.
Algenol is a global, industrial biotechnology company that is commercializing its patented algae technology platform for production of ethanol using proprietary algae, sunlight, carbon dioxide and saltwater. Algenol's technology produces high yields and relies on Algenol’s patented photobioreactors and proprietary downstream separation techniques for low-cost fuel production. These novel, low-cost techniques have the added benefit of consuming carbon dioxide from industrial sources, not using farmland or food crops or freshwater.
Since its founding in 2006, Algenol’s scientists and engineers have invented and patented a broad array of new technologies for producing advanced renewable transportation fuels. The Company’s technology is a unique two-step process that first produces ethanol directly from the algae and then converts the spent algae biomass to biodiesel, gasoline and jet fuel. It is the only renewable fuel production process that can convert more than 85% of its CO2 feedstock into fuel.