[ad#The Buzz Sponsor Ad]

Algenol ends plans to expand in Florida

June 12, 2013
AlgaeIndustryMagazine.com

algenolFort Myers, Florida ABC television station WZVN-HD reports that Algenol is scrapping plans to build a nearly $500-million algae-to-ethanol production plant in Florida, in the aftermath of Governor Rick Scott signing a bill repealing a law that requires gasoline sold in Florida to contain 10-percent ethanol.

Algenol CEO Paul Woods had pioneered the construction of a $200-million state-of-the-art facility creating ethanol from algae. “I want to build the 85 pumps in Florida and have them be 50 to 75-cents per gallon cheaper than regular gas,” Woods had said, adding that he had wanted to create 2,000 more jobs by building a commercial plant. However now, he says, the jobs won’t be coming to Lee County or anywhere in the state of Florida.

Lee County Commissioner Tammy Hall fears the governor’s decision could send the wrong message. “These are some of the outcomes that will affect other ethanol-type businesses and renewable energy businesses looking at Florida,” she said.

The governor’s office defending it’s move saying, “While we continue to support efforts that will bring energy related innovation and jobs to Florida, the governor does not support state imposed mandates on specific industries.”

State Representative Ray Rodrigues stressed the internal conflict of it all saying, “I believe science has shown that ethanol created from algae is the most promising of all ethanol products.”

According to Woods, his company is now looking at building a new site in several other states including Texas, New Mexico and Arizona.

Read More

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2013 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
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...
William Tucker writes in fullfreedom.org about the lure the oceans have for advocates of biofuel, particularly in Scandinavia. “Two-thirds of the globe is covered with wa...
Cyanobacteria, also known as blue-green algae because of their color, have endured for more than 2.5 billion years, providing ample time to adapt to changes in the Earth'...
Kevin Quon writes in Seeking Alpha about the financial plights and pivots of Solazyme, the algae industry’s most high profile recent IPO. In a year that started with a sh...
Sebastian Rich reports on PBS Newshour about the Central African Republic city of Bangui, which has been caught in the crossfire between warring Muslim and Christian grou...
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...
Simris Alg, a pioneering agribusiness producing omega-3 from farmed algae, has been declared one of Sweden’s 33 hottest companies in new technology. The renowned list is ...
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 ...
With large-scale production at low cost a future possibility, many corporations in Japan are beginning to jump on the algae fuel bandwagon. Heavy industry giant IHI Corp....
The U.S. Department of Energy (DOE) has awarded Arizona State University (ASU) a three-year, $1 million grant to fund the Atmospheric Carbon Dioxide Capture and Membrane ...
John Wiegand writes for MiBiz.com that, as the craft brewing industry matures, many West Michigan producers have started seeking out technology that provides sustainable ...
Prior posts highlight the value proposition for building a Green Friendship Bridge of algae microfarms in lieu of 1%, (13 miles) of Donald Trump’s proposed border wall wi...