Algae-based CO2 Sequestering Solutions
By 2012 the world is projected to have 7,474 coal-fired power plants, pumping out 9 billion tons of CO2 each year as a byproduct of the generation of electric power. Algae-based sequestering has recently emerged as one of the most cost-effective, and potentially even profitable, means of reducing CO2 emissions.
- Certain strains of algae effectively "soak up" CO2 generated by coal-fired power plants, with up to 70% absorption rate
- Algae that's grown in the sequestering process can be converted into bio-diesel and ethanol that can be sold or used to fuel plant
- A win-win-win situation for power plants:
- CO2 reduction mandates can be met through sequestering process
- Cost of adopting CO2 sequestering measures can be quickly recovered through sale of biofuels that are created from algae, making CO2 reduction a break-even enterprise - and potential profit center
- Power plant garners positive publicity by taking a proactive role in CO2 reduction, plus in creation of green fuels
This is not wishful thinking. Five large-scale combustion-fired power plants are in the process of developing such algae-based biofuel production facilities, with capacity of up to 40 million gallons of biodiesel and 60 million gallons of ethanol annually. This biofuel production could generate over $350 million in gross revenue per year (at current market rates).
A diagram of our process is below. For more information, please e-mail us.
