• 4 minutes Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 9 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 minutes Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 1 day Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 4 hours Saudi Arabia turns to solar
  • 15 hours Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 9 hours Could oil demand collapse rapidly? Yup, sure could.
  • 4 hours Corruption On The Top: Netanyahu's Wife Charged With Misuse of Public Funds for Meals
  • 5 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 7 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 10 hours Gazprom Exports to EU Hit Record
  • 6 hours U.S. Withdraws From U.N. Human Rights Council
  • 10 hours OPEC Meeting Could End Without Decision - Irony Note Added from OPEC Children's Book
  • 14 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 8 hours What If Canada Had Wind and Not Oilsands?
  • 8 hours "The Gasoline Car Is a Car With a Future"
  • 3 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
  • 21 hours EVs Could Help Coal Demand
  • 9 hours Sell out now or hold on?
OPEC Meeting Could End Without Decision

OPEC Meeting Could End Without Decision

The current disunity in OPEC…

Canada’s Oil Crisis Is Far From Over

Canada’s Oil Crisis Is Far From Over

While the Canadian government has…

Chilean Company Farming Algae for Future Production of Bio-Fuels

BAL Chile SA is currently farming algae on Chiloé Island eventually to produce bio-fuels for industrial use.

BAL Chile SA CEO Benjamin González said, “Within the next five years we expect to be producing at commercial scale. At present, BAL is developing algae farming on the island of Chiloé and we are looking for alternatives to expand our testing in the north. There has been significant algae productivity improvements and cost reductions,” adding that by 2013 “the company expects to achieve the necessary production parameters for the commercial viability of the production of carbohydrates based on seaweed aquaculture farming.”

As macro-algae grow in the water, they do not have lignin, a compound in which plants tend to store sugars and that makes bio-disposition difficult but González noted of his company’s efforts, ”This, together with the enzymes produced by the microbes developed by BAL, makes entry easier and more economical to these sugars,” Mercopress reported.

According to González, BAL has partnered with U.S. firm DuPont and Norway’s Statoil to proceed, while garnering fiscal underwriting from various global private equity firms, including X/Seed (California), Chioe’s  Capital Austral, Norway’s Energy Capital Management, the U.S. Department of Energy and Chilean firm Innova Corfo.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News