HR BioPetroleum has announced plans to build a microalgae biodiesel plant with a feedstock that is fed by CO2 from a Maui Electric plant. The production plant will be located on 1,000 acres of land adjacent to the power plant, of which 750 will be used to grow the algae. Maui Electric will determine how best to deliver the CO2 to the algae. Financial terms were not disclosed.
Editor’s Note: Algae can produce more fuel per acre than any other feedstock, and this facility is expected to produce between 7.5 and 10 million gallons of fuel annually, which should mean profitability from the first years of operation. (Source: Cleantech, July 16, 2008)