Fort Myers company honored by EPA in Presidential Green Chemistry Challenge
The U.S. Environmental Protection Agency (EPA) is recognizing landmark green chemistry technologies developed by industrial pioneers and leading scientists that turn climate risk and other environmental problems into business opportunities, spurring innovation and economic development.
“From academia to business, we congratulate those who bring innovative solutions that will help solve some of the most critical environmental problems,” said Jim Jones, EPA’s Assistant Administrator for Chemical Safety and Pollution Prevention. “These innovations reduce the use of energy, hazardous chemicals and water, while cutting manufacturing costs and sparking investments. In some cases they turn pollution into useful products. Ultimately, these manufacturing processes and products are safer for people’s health and the environment. We will continue to work with the 2015 winners as their technologies are adopted in the marketplace.”
The Presidential Green Chemistry Challenge Award winners be honored at a ceremony in Washington, DC. The winners and their innovative technologies are:
Algenol in Fort Myers, Florida, is being recognized for developing a blue-green algae to produce ethanol and other fuels. The algae uses CO2 from air or industrial emitters with sunlight and saltwater to create fuel while dramatically reducing the carbon footprint, costs and water usage, with no reliance on food crops as feedstocks. This is a win-win for the company, the public, and the environment. It has the potential to revolutionize this industry and reduce the carbon footprint of fuel production.
Algenol was awarded the PLATTS Global Energy Award for Leadership in the Biofuels Industry and recognized as the #1 American and #3 Global “Hottest” Company in Bioenergy by Biofuels Digest. The EPA approved their Direct to Ethanol® Pathway for the Renewable Fuel Standard (RFS) and their Microbial Commercial Activity Notice or MCAN. Both approvals were critical steps needed for our commercial advancement.
Algenol’s patented technology enables the production of the four most important fuels (ethanol, gasoline, diesel, and jet fuel) for around $1.30 per gallon each using proprietary algae, sunlight, carbon dioxide and saltwater at production levels of 8,000 total gallons of liquid fuel per acre per year. Algenol's technology produces high yields and relies on Algenol’s patented photobioreactors and proprietary downstream separation techniques for low-cost fuel production. These novel, low-cost techniques have the added benefit of consuming carbon dioxide from industrial sources, not using farmland or food crops and being able to provide freshwater.
Since its founding in 2006, Algenol’s scientists and engineers have invented and patented a broad array of new technologies for producing advanced renewable transportation fuels. The Company’s technology is a unique two-step process that first produces ethanol directly from the algae and then converts the spent algae biomass to biodiesel, gasoline and jet fuel. It is the only renewable fuel production process that can convert more than 85% of its CO2 feedstock into the four most important fuels.