BioProcess Algae picked to develop biofuels for US military jets and ships
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, the Company news release said.
The project will use renewable carbon dioxide, lignocellulosic sugars and waste heat through BioProcess Algae’s Grower HarvesterTM technology platform, co-located with the Green Plains Renewable Energy, Inc. (NASDAQ: GPRE) ethanol plant in Shenandoah, Iowa.
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.
About BioProcess Algae LLC
BioProcess Algae LLC is a joint venture among CLARCOR Inc. (NYSE: CLC), a global provider of filtration products, BioProcessH2O LLC, a wastewater purification technology company, and Green Plains Renewable Energy. BioProcess Algae was created to commercialize advanced photo-bioreactor technologies for growing and harvesting of algal biomass.
About Green Plains Renewable Energy, Inc.
Green Plains Renewable Energy, Inc. (NASDAQ: GPRE) is North America’s fourth largest ethanol producer, which markets and distributes approximately one billion gallons of ethanol annually. Green Plains owns and operates grain storage assets in the corn belt and biofuel terminals in the southern U.S. Green Plains is a joint venture partner in BioProcess Algae LLC, which was formed to commercialize advanced photo-bioreactor technologies for growing and harvesting algal biomass.
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