[ad#The Buzz Sponsor Ad]

Florida legislation threatening Algenol’s expansion in state

May 2, 2013
AlgaeIndustryMagazine.com

Algenol's outdoor algae-to-ethanol photobioreactors in Lee County, FL

Algenol’s outdoor algae-to-ethanol photobioreactors in Lee County, FL

Tim Engstrom reports in Gannett’s news-press.com that a bill to repeal Florida’s Renewable Fuel Standard passed in the current legislative session and sent to Gov. Rick Scott for signing is putting Algenol’s plans for a $400 million expansion in the state at risk, according to Algenol CEO Paul Woods.

Woods sent a letter to Gov. Scott last week saying that signing the bill would make it difficult if not impossible for Algenol to justify building their first commercial facility in Florida, over other states such as Texas. Woods said he and others from companies around the state have spent weeks trying to convince legislators that the effect of the bill repealing the state requirement for 10 percent ethanol in gasoline could put a damper on the growth of the state’s bioenergy sector.

“I can’t plunk down $400 million to expand here and then, in two or three years, have the state take an even more aggressive stance against Algenol,” Woods said. “I have been directed by my board to look elsewhere.”

Algenol employs about 120 people at its headquarters in Bonita Springs, in Lee County, and at its research and development center off of Alico Road. The company was awarded $10 million in local incentives in 2010 to create the research center. Since then, the company has invested about $190 million locally and expected to invest $400 million more in Florida to create a commercial production facility producing 15 to 20 million gallons of ethanol annually from algae.

More Buzz…

HOME A.I.M. Archives

Copyright ©2010-2013 AlgaeIndustryMagazine.com. All rights reserved. Permission granted 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
Portuguese microalgae producer, Allmicroalgae Natural Products S.A., has moved to the next stage in development of new production technologies to grow Nannochloropsis oce...
An unprecedented harmful algal bloom off the coast of New England this fall provided a unique opportunity for Waterville, Maine-based Colby College students studying at B...
Joy Lanzendorfer reports for NPR that, as seaweed continues to gain popularity for its nutritional benefits and culinary versatility, more people are taking up seaweed fo...
Kailua-Kona, Hawaii-based Cellana, Inc., a leading developer of algae-based products for sustainable nutrition and energy applications, and Living Ink Technologies of Den...
Dan Wood, at the University of Connecticut, writes that assistant extension educator of marine aquaculture at UConn’s Avery Point Campus, Anoushka Concepcion, spoke about...
Suzanne Michaels, writes for the Las Cruces Sun-News that big implications are resulting from what looks like a small algae research project using the City’s wastewater. ...