• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 4 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 10 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 23 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 22 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 9 hours Saudi Fund Wants to Take Tesla Private?
  • 19 hours Starvation, horror in Venezuela
  • 9 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 10 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 2 hours Venezuela set to raise gasoline prices to international levels.
  • 1 day France Will Close All Coal Fired Power Stations By 2021
  • 24 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 2 hours Corporations Are Buying More Renewables Than Ever
  • 18 hours WTI @ 69.33 headed for $70s - $80s end of August
IEA: The World Needs More Diverse Cobalt Sources

IEA: The World Needs More Diverse Cobalt Sources

The International Energy Agency reported…

What Would A Hard Brexit Mean For British Oil?

What Would A Hard Brexit Mean For British Oil?

Despite nearly 14 months of…

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