The Buzz

XL Renewables Transitions to Phyco BioSciences

May 12, 2010, by David Schwartz
AlgaeIndustryMagazine.com

XL Renewables, Inc., as part of it’s marketing strategy, has formed Phyco BioSciences, Inc. to commercialize algae biomass as a food and industrial crop. Phyco is currently developing a commercial production facility near Phoenix, Arizona to meet customer demand. Beginning in 2011, Phyco plans to work with qualified contract producers by providing them a production and harvest platform with algae cultivars in return for a commitment to processing and marketing services.

“We have buyers ready for the delivery of product and the need to scale production,” said Ben Cloud, President of Phyco BioSciences, Inc. “The advances in cultural systems and algae cultivar development provide a significant reduction in production costs that open some very attractive markets now. Phyco has developed a functional production, processing and marketing structure geared to attract capital for expansion and development of new markets for algae biomass, and which are designed to limit the inherent risks of crop production while creating market efficiency and scalability.”

According to Phyco, biofuel is currently the lowest value opportunity for algae biomass and still requires further research and development to become commercially viable. Current demand for higher value algae components provide an opportunity to establish a viable algae biomass industry regardless of further biofuel advances. However, Phyco expects biofuels will become a solid market opportunity in the future. —A.I.M.

For further information on Phyco BioSciences, contact: Michael McCloud, Phyco Business Development, 480-227-2887 or mmcloud@phycobiosciences.com

Copyright ©2010 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.

FREE Algae News & Updates

Sign up to receive breaking A.I.M. updates!

From The A.I.M. Archives

— Refresh Page for More Choices
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...
Cheryl Katz writes in National Geographic that Iceland’s last living lake balls are disappearing. The fluffy green supersize diatoms as large as a head of cabbage are one...
For plants and algae that carry on photosynthesis, light can be too much of a good thing. On a bright, sunny day, a plant might only be able to utilize 20 percent or less...
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...
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...
Researchers at Iowa State University, in Ames, Iowa, are developing technology, using algae, that improves the efficiency of wastewater reclamation. The system uses verti...
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...
The University of Kentucky (UK) Center for Applied Energy Research’s (CAER) Biofuels and Environmental Catalysis Group has received a $1.2 million U.S. Department of Ener...
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...
A Quebec-based company that specializes in the manufacturing and commercialization of marine and seaweed-based products for agriculture and horticulture constructed a new...
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. ...
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...