Posts Tagged ‘fuel from algae’

Utah Science Technology and Research Initiative (USTAR) and it’s Governing Authority Awarded a Technology Commercialization Grant (TCG) to CCA for Dry Process Bio Jet Fuel from Algae Projet.

“We are a small company that has developed jet aviation fuel from algae.  We have already made a fuel that is suitable for ground applications; gas turbine power generators, auxillary power Units and similar power applications.” Said Robert Fulton company founder.  The Great State of Utah has provided them $39,000.00 to pursue further refinement & development of the aviation fuel he has created.  Most of the money is going to Southern Utah University and fuel system delivery equipment.  This project could yield hundreds of jobs, a lessening of dependence on foreign oil, and improvement in emissions (over burning kerosene based fuel.) you can see the video which the stills were taken from at www.algaeaviationfuel.com

“Persistence and the willingness to work hard has brought us forward and we look forward to the positive contribution our fuel will bring to the aviation industry and to our lessening dependence on foreign oil. My story is not important, getting things done is.” Says Fulton.

Much more on this venture is available.  Professor’s names,background, how the fuel was initially developed, and other details at their site www.algaeaviationfuel.com.

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It seems that algae biofuel producers are at disadvantage, because they are not recognized in the tax code as advanced biofuels makers. So the Biotechnology Industry Organization (BIO) decided to take action and urged Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Charles Grassley (R-Iowa) to extend tax code parity to algae-based biofuels as soon as possible.
“Algae-based biofuel technology is advancing rapidly and is ready for commercialization. Production of algae-based biofuels can generate thousands of domestic green jobs in facility construction and operation and have the potential to greatly enhance our country’s energy and environmental security,” Brent Erickson, executive vice president for BIO’s Industrial and Environmental Section, stated.
“The Environmental Protection Agency’s recently released rules for the Renewable Fuel Standard recognize that algae-based biofuels can qualify as advanced biofuels and significantly reduce greenhouse gas emissions compared to gasoline. Unfortunately, though, algae-based biofuel developers do not qualify for existing tax incentives for advanced biofuel development.”
“It is extremely challenging for algae-based biofuel start-up companies to attract the capital required for facility construction, due to this disparate treatment under the tax code. Fixing this discrepancy and granting algae-based biofuels tax treatment similar to other advanced biofuels can open the way to greater job creation and economic growth,” Erickson concluded.

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