Nathanael Greene's Blog
GreenFuel lives to fight another day
July 27, 2007
Posted by Nathanael Greene in Moving Beyond Oil , Solving Global Warming
Xconomy reported earlier this week that algae feedstock developer, GreenFuel Technologies has secured a $5.5 million dollar bridge loan to carry the company through the end of the year and their next round of financing. Interestingly, the post also quotes the CEO, Robert Metcalfe as saying that they have done some successful testing of their system in AZ.
Metcalfe explains: “We scaled back and so were able to harvest quickly enough to keep up with growth so that the algae didn’t self shade and die.” Meanwhile, the company has already started testing its fourth-generation system.
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- A conversation with a spokesperson for the National Corn Growers Association and his friend from the American Farmland Trust | By Tom Philpott | Grist | Victual Reality | 25 Oct 2007
- Very interesting.
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- On the one hand using lignin from cellulosic ethanol plants to stabalize roads has a nice geewiz factor. On the other hand, using lignin to make better roads so that we can drive more and use more ethanol seems a little circular.
- posted by Nathanael Greene
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