Visit  cricatalyst.com!Nexus — Leaders in Greenhouse Systems Integration Check out more of The Buzz

Algae to Biofuel Project Launched in Greece

May 31, 2012

AlgaeIndustryMagazine.com

John Antoniadis receives the first prize check for an algae-to-biofuel project at the Make Innovation Work awards ceremony

John Antoniadis receives the first prize check for an algae-to-biofuel project at the Make Innovation Work awards ceremony

Business Partners Online reports that two Greek entrepreneurs won the first place prize of $100,000 for Alternative Agriculture in the American-Hellenic Chamber of Commerce’s “Making Innovation Work: Make Greece More Competitive” contest this year. Their plans to commercially produce algae biomass for use as an alternative industrial fuel are seen as a pioneering effort in Greece, adding a new, innovative product to the roster of Greek exportable products and possibly having tremendous implications for Greece’s fragile economy.

According to project developers John Antoniadis and Takis Panagiotopoulos, algae biofuels could eventually contribute more than €1 billion per year to the country’s revenues, and support more than 5,000 full time employment opportunities. It could also provide a shot in the arm for the country’s agricultural sector, allowing farmers to easily shift from increasingly uncompetitive cash crops to producing a high-value, highly demanded biofuel product.

With strict CO2 allowances coming into effect for European firms in 2013, the project developers believe that algae can play an increasing role in meeting the energy needs of Europe’s heavy industry. The team plans to market their high-caloric algae biomass to international cement, power and steel producers as a price-competitive and environmentally friendly alternative to coal and lignite.

Read More

Go to HOME Page

Copyright ©2010-2012 AlgaeIndustryMagazine.com. All rights reserved. Permission required to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

From The A.I.M. Archives

— Refresh Page for More Choices
The Algae Biomass Organization (ABO) released the following statement calling on the EPA to include Carbon Capture and Utilization strategies in rules proposed June 2, 20...
The Guardian reports that Prince Edward Island (P.E.I.), Canada-based Solarvest has created an inventive system utilizing a specific algal strain to grow and produce EPA ...
Algae manufacturer Cyanotech Corporation has announced implementing three major initiatives to improve Astaxanthin production at their Kailua Kona, Hawaii-based cultivati...
A recent discovery in the multicellular green alga, Volvox carteri,has revealed the origin of male and female sexes, showing how they evolved from a more primitive mating...
Biofuels derived from the oils produced by algae may offer a low-cost sustainable alternative to fossil fuels. To achieve this goal, optimization of cost effective strate...
In an effort to propel the algae industry forward, the Algae Testbed Public Private Partnership (ATP3) offers a series of hands-on specialized workshops suited for partic...
Channelnewsasia.com reports on three young Spaniards who harvest seaweed, a culinary delicacy, as a way for them to stay out of Spain’s troubled financial waters. 35-year...
Bookending the upcoming Algae Biomass Summit, Sept. 29-Oct.2 in San Diego, will be industry tours to give attendees a first-hand look at the latest progress in technical ...
The EPA has released the Annual Use of Pesticides in the U.S. Report. We now know that American farmers apply roughly a billion pounds of toxic chemicals intentionally in...
Using a combination of satellite imagery and laboratory experiments, researchers have evidence showing that viruses infecting those algae are driving the life-and-death d...
Expanding from its initial work in algal biofuels, General Atomic’s (GA’s) Advanced Biological Processes team has focused on the rising need for food globally, specifical...
Biplab Das reports in NatureAsia.com that a research team has found aqueous extracts of the marine brown algae Lobophoro variegate that can inhibit the replication of hum...
James “Jamie” Levine took over the reigns at Sapphire Energy in July of this year as former President and CEO Cynthia “CJ” Warner stepped down, retaining her role as chai...
Arizona is taking advantage of its open land and ample sunshine to assume a leadership position in the algae biofuel field. The state is home to two national algae testbe...
MicroBio Engineering, Inc., of San Luis Obispo, California, has introduced a full suite of open pond microalgae growth systems designed for quick deployment of research- ...
Renewable fuels company Muradel has launched Australia’s first integrated demonstration plant to sustainably convert algae into green crude, as a first step towards a com...
On September 25, 2014, a photobioreactor for the cultivation of algae was officially unveiled during a seminar at Thomas More University College in Mechelen, Belgium. Und...
Iran-based Qeshm Microalgae Biorefinery Co. (QMAB) has launched a biofuel being marketed as BAYA®, produced from a species of Nannochloropsis (strain 6016) isolated from ...