Visit cricatalyst.com!Looking for Algae Industry Research? Check out more of The Buzz

Algenol ends standoff in Lee County, FL

April 22, 2014
AlgaeIndustryMagazine.com

algenol-logoDavid Albers reports in the Naples (FL) Daily News that Algenol Biofuels and Lee County, Florida, have come to a “semantic agreement” they say will keep an expansion project in the county that could create as many as 400 jobs.

After months of friction over whether Algenol was meeting the job creation benchmarks of a $10 million economic incentive agreement between the company and Lee County, the county has submitted a conciliatory letter to local newspapers. The letter states that Algenol – which grows algae and converts it into biofuels – has surpassed job creation and capital investment goals outlined in the economic incentive deal.

As of February of this year, Algenol had received nearly $10 million in taxpayer money from the county’s Financial Incentives for Recruiting Strategic Targets program, a $25 million fund created in 2008 to lure high-wage businesses to Lee County. Algenol’s fourth quarter 2013 ADP payroll report states the company had 127 employees as of January.

On April 17, Woods announced on local television that he would keep Algenol’s planned algae growing materials manufacturing plant in Lee County.

Read More

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2014 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
As of March 1, 2015, bbi-biotech GmbH, of Berlin, Germany, has begun integrating IGV Biotech GmbH’s photobioreactors into its own life science product portfolio. A former...
Hammenhög, Sweden-based agribusiness Simris Alg has announced the launch of its first consumer products. The algae farmers’ exclusive omega-3 supplements and superfoods w...
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...
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...
In one of the first studies to examine the potential for using municipal wastewater as a feedstock for algae-based biofuels, Rice University scientists found they could e...
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...
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 ...
UC San Diego’s efforts to produce innovative and sustainable solutions to the world’s environmental problems have resulted in a partnership with the region’s surfing indu...
Tubular glass photobioreactor (PBR) systems protect algae from harmful environmental factors, keeping strains safer from bio-contamination. The glass tubing itself can be...
The Biotechnology Industry Organization (BIO) has named Solazyme CEO and co-founder Jonathan S. Wolfson as the recipient of its 2015 George Washington Carver Award for in...
There are around 4500 dairy farms in Victoria, Australia, according to Business Victoria. Together they produced about 86 per cent of Australia’s dairy product exports, w...
Natacha Tatu writes in Worldcrunch about a 72-year old French chef who has taken on the challenge of bringing spirulina to the malnourished youth of the Central Africa. F...
Tom Redmond and Yuko Takeo report for Bloomberg.com that, after 10 years of developing algae as a nutritional supplement generating $37.8 million in annual revenue, Japan...
Bigelow Laboratory, of East Boothbay, Maine, and the University of Mississippi have formed a five-year Strategic Inter-Institutional Partnership Agreement for collaborati...
The demand for spirulina as a natural food colorant is robust in the North America food processing industry, according to a new study by market intelligence firm Future M...