[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
Kuo Chia-erh reports for Taipei Times that Taiwan Cement Corp, the nation’s leading cement supplier, has announced plans to expand its microalgae farm, which produces ast...
In Australia, the New South Wales Deep Green Biotech Hub (DGBH) has been launched as an enabling incubator environment to foster the development of algae as a cost effect...
Tafline Laylin writes for Inhabitat.com about the elegant solution that Romanian designer Alexandru Predonu has conceived that uses solar energy to power a rotating desal...
Stavanger, Norway-based Skretting, a 100+ year-old leader in the manufacture and supply of aquaculture feeds for fish and shrimp, has announced that they are now offering...
Jill Fehrenbacher writes in inhabitat.com that when it comes to design, Mother Nature has a lot to teach us. The field of Biodesign has emerged as an exciting new discipl...
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...
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...
Fraunhofer-Gesellschaft reports in Science Daily that two algae species survived 16 months on the exterior of the International Space Station (ISS) despite extreme temper...
The genome of the fuel-producing green microalga Botryococcus braunii has been sequenced by a team of researchers led by a group at Texas A&M AgriLife Research. The 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...
Qualitas Health, an algae-based health and nutrition company headquartered in Texas, has announced a long term, strategic partnership with commercial crop producer Green ...
Researchers at ETH Zurich, Empa and the Norwegian research institute SINTEF are pursuing a new approach to treating arthritis. This is based on a polysaccharide, a long-c...