Location: Cambridge, Massachussetts, United States
GreenFuel uses a portfolio of technologies to profitably recycle CO2 from smokestack, fermentation, and geothermal gases via naturally occurring species of algae. Algae can be converted to transportation fuels and feed ingredients or recycled back to a combustion source as biomass for power generation.
GreenFuel partners with power plants such as Arizona Public Service Company (APS), Arizona’s largest electric utility company, to build algae farms that recycle industrial CO2 emissions to grow algae. GreenFuel harvests the algae to produce dry whole algae, algae oil and delipidated meal – byproducts that are sold to producers of feed stock, biodiesel fuel and other products. GreenFuel may also generate revenue from carbon credits for its algae farms, but the revenue potential is small compared to other algae-based products.
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