twittertopbarlinks_eventstopbarlinks_requesttopbarlinks_archives
Click here for more information about Liqofluxphenometrics515R1
Visit cricatalyst.com!Evodos Separation Technology Check out more of The Buzz spacer

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
If we built a Green Friendship Bridge composed of 8,600 algae microfarms given to Mexican and Central American farmers in lieu of 1%, (13 miles) of additional border wall...
San Francisco biotech startup New Wave Foods aims to address the impact of overfishing, bycatch, water pollution, slave labor, an animal death toll in the trillions, and ...
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...
Algae.Tec has announced that, with the completion of the US$1M injection by Gencore, their nutraceutical plant upgrade in Cummings, Georgia, is progressing ahead of sched...
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...
Since hydrogen fuel cells produce electricity, we are increasingly thinking about hydrogen as a successor to crude oil. But where will the hydrogen come from? Its ecologi...
Jason Smith reports for undercurrentnews that Kentucky-based Alltech is willing to invest in overseas algae production plants closer to its feed customers if demand for i...
Algae Health Sciences, Inc., a subsidiary of BGG, has announced that it has submitted a New Dietary Ingredient (NDI) to the US FDA for its flagship product AstaZine® Natu...
Essen, Germany-based Evonik, and Royal DSM, headquartered in Kaiseraugst, Switzerland, have announced their intention to establish a joint venture for omega-3 fatty acid ...
Monica Jain of Fish 2.0 writes in National Geographic about how the algae brand is about to undergo an image makeover, and may soon seem flat-out glamorous — once again. ...
ExxonMobil and Synthetic Genomics Inc. have announced that, in joint research into advanced biofuels, they have modified an algal strain to more than double its oil conte...