[ad#The Buzz Sponsor Ad]

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
Tess Riley writes in TheGuardian.com about how spirulina may be able to combat malnutrition in developing countries. Spirulina is one of the oldest life forms on Earth, c...
Researchers Greg O’Neil of Western Washington University and Chris Reddy of Woods Hole Oceanographic Institution (WHOI), have exploited an unusual and untapped class of c...
Brian Krassenstein, writing in 3Dprint.com, goes deeper into the recent paper in Engineering in Life Sciences journal discussing the impact 3D bioprinting will have in th...
Sami Zaatari writes for the Middle East’s Gulf News that Abu Dhabi’s coastal sabkhas – the Arabic phonetic translation for salt flats – hold great potential for solar pow...
Five years ago, on April 20, 2010, an explosion on the Deepwater Horizon rig caused a release of 200 million gallons of oil into the Gulf of Mexico before the well was ca...
Tubular glass photobioreactor (PBR) systems protect algae from harmful environmental factors, keeping strains safer from bio-contamination. The glass tubing itself can be...
While aquafarmers in Maine have been harvesting seaweed for nearly 80 years, for a variety of uses and products, in recent years wild harvests have not been able to meet ...
Rich McEachran writes in the Guardian that, in the process of surfacing a road, layers of asphalt – which is composed mostly of bitumen (a byproduct of crude oil distilla...
Joule has announced the issuance of a patent on the direct, continuous production of hydrocarbon fuels — extending its ability to target the highest-value molecules of th...
Bigelow Laboratory, of East Boothbay, Maine, and the University of Mississippi have formed a five-year Strategic Inter-Institutional Partnership Agreement for collaborati...
Algae.Tec has announced that it has completed the commissioning and initial startup of an algae production plant to produce algae-based nutraceutical products. The plant ...
Nevele, Belgium-based TomAlgae is developing freeze-dried microalgae for feed in shrimp hatcheries. The company has created its own microalgal “cultivar” and manufactures...