Positive news this week from the Nelson-based algae company Aquaflow whose fortunes we have followed on Hot Topic over the past three years. I last reported on them in August 2011, when they had signed an agreement for joint testing and evaluation with Texas-based CRI Catalyst Company (CRI). Now they have announced a full technology cooperation agreement with that company which they believe leaves them poised to make refining next generation biofuels a commercial reality in New Zealand and in overseas projects within the two to three years it takes to build a refinery.
That’s big news if it comes to fruition. Director Nick Gerritsen says: “We should be able to produce renewable hydrocarbon fuel that is equivalent to fossil fuel at a cost that is highly competitive with the current per barrel price of crude oil.” He adds that New Zealand could turn its biomass into enough carbon-neutral biofuel to meet its renewable fuels requirement within ten years.
Continue reading “Aquaflow: next-gen biofuels a commercial reality”