GreenFuel Technologies Corporation

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GreenFuel Technologies Corporation (GFT) was a startup that developed a process of growing algae using emissions from fossil fuels to produce biofuel from algae.

Contents

Based in Cambridge, Massachusetts, Greenfuel ceased operations on May 13, 2009, [1] [2] after having raised more than $70 million in investments, citing economic circumstances, and having run out of funds.

History

The GFT president, chief technology officer and the inventor of a newly patented system for growing pollution-digesting algae inexpensively on an industrial scale is Isaac Berzin, who founded the company in April 2001. Time magazine included Berzin in its list of the 100 most influential people in the world in 2008. [3]

A beta emission reduction system was installed at an MIT cogeneration facility in 2004 and after performing beyond expectations was moved to a larger power plant in fall 2005. Pilot units were tested at power plants in Arizona, Massachusetts and New York. Although the algal biomass produced by the process consists of proteins, lipids and carbohydrates which could be used to produce a variety of products, GFT seems to be focusing on biofuel products. GreenFuel's large scale algae to biofuel process at the Arizona Public Service Redhawk power facility won the 2006 Platts Emissions Energy Project of the Year Award. [4]

In November 2006 Arizona Public Service Company (APS) announced that it and its partner GreenFuel Technologies will attempt to replicate their success of creating biofuels from algae grown using carbon dioxide (CO2) emissions from a power plant. [5]

In 2007, the company had to shut down its third-generation bioreactor facility in Arizona after the plant produced more algae than the company's equipment could handle. At the same time, the company learned that its algae harvesting system would cost twice as much as expected. In 2007 they announced a restructuring, some 25 employees, about half the company's staff, were laid off as a result of the plant shutdown.

Principal investors

The principle investors were Access Private Equity, Draper Fisher Jurvetson and Polaris Venture Partners.

Technology

Known as Emissions-to-Biofuels, the process could use a photosynthetic bioreactor supplied with exhaust gases from a fossil fuel combustion source to grow algae. As smokestack emissions are delivered to the algae bioreactor, carbon dioxide and other pollutants are absorbed and utilized by the algae to grow at an exponential rate. Once harvested, the algae is processed to produce a variety of solids such as protein and bioplastics, gases such as methane, and biofuels such as ethanol and biodiesel.

Application

Sources of carbon rich exhaust include manufacturing facilities and electricity generation plants, especially those which burn coal. Once the algal biomass is harvested and processed, the resulting fuel may be sold for additional revenue or utilized on-site.

Benefits

The biofuel yield using the GreenFuel technique is 30 times higher per hectare compared to the yield of oil derived from conventional terrestrial crops. Emissions of carbon dioxide are reduced by 40% and emissions of oxides of nitrogen are reduced by up to 85%. Plant retrofits can be made with minimal disruption to existing facilities.

Large-scale algae farming plants

GreenFuel Technologies had launched the second phase of a major project with Spanish renewable energy firm Aurantia [6] to build a large-scale algae farming plant adjacent to a CO2-spewing cement plant near Jerez, Spain.

Awards

Related Research Articles

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<span class="mw-page-title-main">Biodiesel</span> Fuel made from vegetable oils or animal fats

Biodiesel is a form of diesel fuel derived from plants or animals and consisting of long-chain fatty acid esters. It is typically made by chemically reacting lipids such as animal fat (tallow), soybean oil, or some other vegetable oil with an alcohol, producing a methyl, ethyl or propyl ester by the process of transesterification.

<span class="mw-page-title-main">Clean technology</span> Any process, product, or service that reduces negative environmental impacts

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Second-generation biofuels, also known as advanced biofuels, are fuels that can be manufactured from various types of non-food biomass. Biomass in this context means plant materials and animal waste used especially as a source of fuel.

<span class="mw-page-title-main">Algae fuel</span> Use of algae as a source of energy rich oils

Algae fuel, algal biofuel, or algal oil is an alternative to liquid fossil fuels that uses algae as its source of energy-rich oils. Also, algae fuels are an alternative to commonly known biofuel sources, such as corn and sugarcane. When made from seaweed (macroalgae) it can be known as seaweed fuel or seaweed oil. It also actually carbon negative unless the dead plant matter is burned, the energy is produced by solar photosynthesis and comes from the sun. The emissions from burning the hydrogen make up only water and air.

TerraVia Holdings, Inc. was a publicly held biotechnology company in the United States. TerraVia used proprietary technology to transform a range of low-cost plant-based sugars into high-value oils and whole algae ingredients. TerraVia supplied a variety of sustainable algae-based food ingredients to a number of brands, which included Hormel Food Corporation, Utz Quality Foods Inc., and Enjoy Life Foods. TerraVia also sold its own culinary algae oil under the Thrive Algae Oil brand.

<span class="mw-page-title-main">Isaac Berzin</span> Israeli scientist and entrepreneur

Isaac Berzin is an Israeli scientist and entrepreneur.

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<span class="mw-page-title-main">Biofuels by region</span> Use of biofuel as energy source across the world

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<span class="mw-page-title-main">Algae bioreactor</span> Device used for cultivating micro or macro algae

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Algae fuel in the United States, as with other countries, is under study as a source of biofuel.

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<span class="mw-page-title-main">Carbon-neutral fuel</span> Type of fuel which have no net greenhouse gas emissions

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References

  1. "shut down". greentechmedia. May 13, 2009. Retrieved February 18, 2010.
  2. "closing". cnet. May 13, 2009. Retrieved February 18, 2010.
  3. "Isaac Berzin, Israel's 'Green Giant'". Cleantech Investing in Israel. May 18, 2008. Retrieved May 19, 2008.
  4. Platts 2006 Global Energy Awards
  5. "Arizona Public Service and GreenFuel Technologies Corp. Successfully Recycle Power Plant Flue Gases into Transportation-Grade Biodiesel and Ethanol". APS. November 30, 2006. Archived from the original on January 17, 2013. Retrieved November 30, 2006.
  6. "Aurantia". Archived from the original on November 8, 2008. Retrieved November 5, 2008.