Green Progress

Alternative Energy

GSPI Signs Contract to Build Algae-to-Biodiesel Facility

Green Star Products, Inc today announced that it has signed a contract to build a 100-acre Commercial Algae Facility in the Midwest.

Biotech Research, Inc. (BTR), who is a Consortium partner with GSPI, has signed the contract with GSPI to start initial preparation and material acquisition for field construction to begin in March 2008.

The 100-acre Algae Facility will be constructed adjacent to an existing biodiesel plant and will use the CO2 emitted from the biodiesel plant's boilers to feed a portion of the algae facility needs (CO2 mitigation), which will reduce Global Warming emissions.

The algae oil produced from the facility will be turned into biodiesel through the existing biodiesel plant facilities.

GSPI will construct the algae production facility and operate it for 18-months and will participate in ongoing royalties with BTR from sales of algae oil and high protein meal.

It is also the business strategy that BTR and GSPI will build GSPI Biodiesel Production plants alongside Algae Production Facilities at other locations in the U.S.

BTR has formulated business plans to build several 1,000-acre Algae Facilities, each in conjunction with a GSPI Biodiesel Processing facility.

Negotiations are in progress with funding institutions.

GSPI will perform the engineering, construction and operation of the 1,000-acre facilities and participate in the ongoing revenue stream.

More Alternative Energy Articles

Department of Energy to Train 75,000 Solar Workers

First Hybrid-Flywheel Energy Storage Plant in Europe announced in Midlands

World's Largest Solar Thermal Power Project at Ivanpah Achieves Commercial Operation

NTU Scientists Make Breakthrough Solar Technology

Wireless Devices Go Battery-Free Using "Ambient Backscatter" from TV and Cellular Transmissions

Harvesting Electricity from the Greenhouse Gas Carbon Dioxide

Maine Project Launches First Grid-Connected Offshore Wind Turbine in the U.S.

University Researcher Making Rechargeable Batteries with Layered Nanomaterials

Vestas 8 MW Offshore Wind Turbine Could Power Up To 3200 Homes

Urban Green Energy and GE Unveil the Sanya Skypump, an Electric-Vehicle Charging Station Equipped with Wind and Solar Power

even more articles...

Suggest an Article for Green Progress

Green Progress :: Green Technology and Environmental Science News
Green Progress is an EcoMethods™ sustainability project. Copyright © 2005 - 2018 Green Progress. All rights reserved.