twittertopbarlinks_eventstopbarlinks_requesttopbarlinks_archives
Click here for more information about Liqofluxphenometrics515R1
Visit cricatalyst.com!Evodos Separation Technology

Money

Euglena cultivating algae for food, face cream and jet fuel

March 24, 2017
AlgaeIndustryMagazine.com

Euglena shares its name with the algae its business relies on. Courtesy CNNTech

Sarah Karacs reports for @CNNTech that Japanese firm Euglena has been cultivating a type of algae for use in food and cosmetics. But it sees a range of other potential uses for it. The company is aiming to produce 33,000 gallons of jet fuel a year from Japan’s first algae biofuel refinery, partnering with top Japanese airline ANA. “Everyone says it’s crazy the first time they hear the idea,” says Euglena’s founder, Mitsuru Izumo. But “in terms of science and technology… it’s a very simple idea.”

Euglena, which shares its name with the algae its business relies on, is building a test facility in Yokohama, near one of Tokyo’s two main airports. It’s expected to pump out five barrels of “green crude” a day after it comes online next year.

But Mr. Izumo wants to ramp up production 400% and open a second refinery by 2020 in order to bring down the cost of the carbon-neutral biofuel to make it commercially viable.

Mr. Izumo came across the algae – which has characteristics of both plants and animals – while searching for a superfood. After witnessing starving children during a 1998 visit to Bangladesh, he wanted to help fight malnutrition. He was inspired by a story in a manga comic to find a “magic bean”-like ingredient that could solve major problems facing the world.

He didn’t find a magic bean, so he settled for microscopic algae instead.

That decision has worked out well. He’s built a company out of it that’s valued at around $930 million USD on the Tokyo Stock Exchange.

And some of his staff have dreams of even more ambitious applications, including using the algae to power a trip to Mars and feed the astronauts along the way.

Melissa Hassett contributed to this report.

Read More

More Like This…

HOME A.I.M. Archives

Copyright ©2010-2017 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.

Visit our 2017 International Reader’s Poll Platinum Sponsors

bigelow mbiolp_link sfcc

From The A.I.M. Archives

— Refresh Page for More Choices
Northwestern University researchers have developed a quantitative tool that might help bring back coral from the brink of extinction. The novel algorithm could help asses...
Bioenergy-news.com reports that Volkswagen showcased its algae biogas-powered vehicle at a biogas project based in El Torno Chiclana, a town in south-west Spain. The test...
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...
Tyler Treadway of TCPalm reports on technology joining the fight in response to the Florida algae blooms. He watches, as water from a boat basin topped with several inche...
Benedict O’Donnell writes in the EU Research and Innovation magazine, Horizon, about research being developed on seaweed as a biological, environmentally friendly, sustai...
EPA (eicosapentaenoic acid) fortified eggs are developing quite a demand among middle and upper-class consumers in China. With clinical trials demonstrating that EPA can ...
Dr. Tom Dempster works as a research professor – focusing on strain selection and development, biomass production, algal biofuels and high-value products, and air and was...
Forbes is running an interview with Bren Smith, an Ashoka Fellow and the founder of GreenWave, an organization dedicated to restoring oceans, mitigating climate change an...
The Energy Department (DOE) has announced the selection of six projects for up to $12.9 million in federal funding, entitled, “Project Definition for Pilot- and Demonstra...
For algal biofuels to compete with petroleum, farming algae has to become less expensive. Toward that goal, Sandia National Laboratories is testing strains of algae for r...
Diane Stopyra writes in Salon.com that a growing number of coastal states around the country are undertaking large-scale seaweed farming projects. While farms are underwa...
Marlene Cimons, nexusmedianews.com reports that researchers at the University of California San Diego and Sapphire Energy have successfully grown a genetically engineered...