twittertopbarlinks_eventstopbarlinks_requesttopbarlinks_archives
NCMA Algae Tips
Click here for more information about Liqofluxphenometrics515R1
Visit cricatalyst.com!Commercial Algae Professionals Check out more of The Buzz

Neste Oil to buy RAE’s crude algae oil

June 24, 2014
AlgaeIndustryMagazine.com

nesteoil_logoRenewable Algal Energy, LLC (RAE), a developer of sustainable products from microalgae, for nutraceutical, animal feed, and renewable fuels markets, has announced a contingent off-take agreement with Neste Oil, the world’s largest producer of renewable diesel.

This agreement will enable Neste Oil to purchase RAE’s crude algae oil on a commercial scale for use as a feedstock for producing renewable fuel, and is contingent on RAE’s future production capacity and on compliance with future biofuel legislation in the EU and US, among other factors. The agreement is non-exclusive.

“We are honored to partner with Neste Oil,” said Jeffrey S. Kanel, Ph.D., CEO of RAE. “Neste Oil is…committed to producing a sustainable energy source. This commitment aligns perfectly with RAE’s mission and values, and we look forward to assisting Neste Oil to produce renewable fuels that will benefit the world.”

“We are looking forward to see RAE’s first commodity-scale production facility become reality so that we can utilize sustainable algal oil as one of our feedstocks to produce NEXBTL-products,” said Lars Peter Lindfors, Neste Oil’s Senior Vice President, Technology.

RAE has operated a two-acre demonstration site in Arizona for five years.  Recently, RAE commissioned its patented harvester to demonstrate efficient algae harvesting without the use of chemicals. The harvester will support up to 100 acres of algae production in open ponds, and harvest 2,200 metric tons of dried algal biomass annually.

RAE is working with a project developer to deploy RAE Technology at the first of multiple commodity-scale (5,000 acres) production sites in North America. Such a site will have a total expected annual production capacity of more than 140,000 metric tons of dried algal biomass.

Algal biomass from this future site will be used to sustainably produce algal oil for Neste Oil, and multiple other co-products, including protein powder, omega-3s, and carotenoids, including beta-carotene, lutein, zeaxanthin and beta-cryptoxanthin, for use in nutraceuticals.

“RAE Technology is readily scalable to achieve commodity costs necessary to participate in large global markets, including renewable fuels,” said Kanel.

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2014 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
A team of Michigan State University algae researchers have discovered a cellular "snooze button" that has the potential to improve biofuel production and offer ...
Algix, parent company of Solaplast, will be inaugurating their algae-to-plastic facility in Meridian, Mississippi, on November 14, 2014. Solaplast's facility will be focu...
The European (FP7) algae project Sustainable PoLymers from Algae Sugars and Hydrocarbons (SPLASH) has been developing a platform technology for the conversion of third ge...
None of us would be alive if sperm cells didn’t know how to swim, or if the cilia in our lungs couldn’t prevent fluid buildup. But we know very little about the dynamics ...
The vision of developing a community college degree program to train a high technology algae workforce was launched at New Mexico's Santa Fe Community College (SFCC) in 2...
Melissae Fellet reports in Chemical & Engineering News that new materials containing ultraviolet-absorbing molecules found in algae and reef-fish mucus could serve as...
MicroBio Engineering, Inc. has announced a new line of 100 and 1,000 liter Algae Raceways™, building on the success of their popular 0.5 m2 (5.5 ft2) and 3.5 m2 (40 ft2),...
Ewen Callaway writes in the jounal Nature that restrictions on harvests and exports of Gelidium seaweed in Morocco have affected the global supply of the lab reagent agar...
While researchers have long suspected that climate change will lead to stronger and more frequent algal blooms, a new fusion of climate models and watershed models has pr...
A $300,000 greenhouse will be constructed, and the Maine Algal Research and Innovation Accelerator (MARIA) will be formed, on the Bigelow Laboratory for Ocean Sciences' c...
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 ...
Karen Phillips writes for deeperblue.com that algae are the alveoli in the ocean lungs of our planet, vitally important to the health of the seas as home, food source, sa...