Seaweed Means Fuel
Aquaflow Bionomic Corporation, a New Zealand-based company, is likely to be the first of its kind to produce biofuel from large quantities of wild algae. Aquaflow’s chairman Barrie Leay said his company had successfully achieved “commercial-scale continuous harvesting of tons of wild algae” in a recent interview with Ethanol Producer Magazine. Aquaflow disclosed earlier this year that it was seeking $5 million to continue improving the refining process; its technology has garnered interest from investors in the UK, US, Australia and Asia. It is currently in talks with Boeing to develop an algae-based jet fuel.