Univenture claims algae-to-fuel breakthrough

The Ohio company says it can reduce the cost of harvesting, dewatering and drying algae by more than 99% making it an economically feasible source of fuel.

Univenture says its AlgaeVenture Systems unit has demonstrated the process to the satisfaction of its funding sources.

``For nearly 40 years, it has been widely accepted that if the cost of removing, harvesting and dewatering algae could be reduced to $50 a ton, algae could become a significant source of fuel,’’ says Ross Youngs, chief executive of Univenture.

``We have demonstrated a truly disruptive technology that reduces that cost by more than 99 percent - from $875 per ton to $1.92 per ton,’’ he adds. ``This breakthrough moves algae back into the spotlight Log in to read complete article.

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