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Algae biofuel plant to use waste heat, CO2

April 24, 2013, Omaha, Neb. - BioProcess Algae LLC has been selected to receive a grant of up to $6.4 million from the U.S. Department of Energy (DOE), as part of an innovative pilot-scale biorefinery project related to production of hydrocarbon fuels meeting military specification.


April 24, 2013
By Scott Jamieson


Topics

The project will use
renewable carbon dioxide, lignocellulosic sugars and waste heat through
BioProcess Algae's Grower Harvester(TM) technology platform, co-located
with the Green Plains Renewable Energy, Inc. (Nasdaq:GPRE) ethanol plant
in Shenandoah, Iowa.

"BioProcess Algae was the only algae platform chosen to be a part of
this project by the DOE," said Todd Becker, President and CEO of Green
Plains. "This project will link our commercial scale platform for
growing and harvesting algal biomass with technology partners for
conversion into advanced biofuels. While this is a project for the
development of drop-in biofuels, we continue to focus our technology for
growing and harvesting algae for feed, food or fuel."

"We believe our Grower Harvester platform will be vital in the
development of this project with the DOE," added Tim Burns, President
and CEO of BioProcess Algae. "For this project, we will integrate
low-cost autotrophic algal production, accelerated lipid production, and
lipid conversion in an effort to develop a cost-effective advanced
biofuel for military needs. This development is consistent with our
current plans to build the next phase of Grower Harvester reactors in
Shenandoah."

The project will demonstrate technologies to cost-effectively convert
biomass into advanced drop-in biofuels and the recipient is required to
contribute a minimum of 50% matching funds for the project.

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