Genesis Biofuel, Abundant Energy Solutions announce joint venture
Genesis Biofuel Inc. a designer and builder of carbon sequester and algal biodiesel refineries, recently announced the signing of Memorandum of Understanding with Abundant Energy Solutions for the forming of a joint venture to engineer and construct Algal Biofuel Refineries. This venture will not only allow for their combined technology collaboration but will also be able to offer alternative energy production solutions to additional industries worldwide.
“We are delighted to be working with Abundant Energy Solutions. AES’s proven technologies in algae lighting, harvesting and oil extraction solutions, working with our processes, will tremendously increase and augment our overall output and efficiency,” said Harvey A. Dorren, president and CEO of Genesis Biofuel. “In addition our combined technologies will enable us to offer solutions to additional algal to biofuel alternatives such as utilizing waste water.”
“AES is excited to partner with Genesis Biofuels on this project for a number of reasons,” said Joe Nieusma, AES CEO. “Our two companies are poised to advance algae to biofuel conversion as well as utilization of the resultant algae biomass as a feedstock for downstream cellulosic ethanol production. Proprietary technology in multiple steps of these processes will combine linearly to create very favorable results for the cement company, Genesis, AES and the green energy economy. Algae is the future of biofuel as both oil and cellulosic ethanol. Genesis Biofuel and AES are very well positioned to bring this technology to the world.”
The joint ventures first objective will be to complete their combined technology Demonstration Laboratory. The lab should be completed within the next 90 days and will be located in AES’s Research facility in Englewood, Colo. This will lead to the construction of their Pilot Facility at a cement plant location. The timetable of which is tentatively scheduled to begin first quarter 2013.
AES, an affiliate of Colorado Energy Research Technologies (CERT) is a research company whose purpose is to develop innovative scientific solutions and technologies to solve challenges related to energy production, distribution and utilization in all forms.
Focusing on the cement industry, Genesis Biofuel sequesters CO2 directly from cement manufacturing plants, greatly reducing the greenhouse gas emissions from these facilities. In addition, the Genesis refineries utilize these gases to produce both algal biofuel for commercial and military diesel engines and biomass, which can be used in ethanol production.