Algae is becoming a growing source for biofuel development in Israel. Inventure Chemical is the latest company to invest in algae biofuel technology.
Inventure Chemical has announced that it has entered into a joint venture with Seambiotic Ltd. (based in Tel Aviv, Israel) to construct a pilot commercial biofuel plant in Israel, using algae created from CO2 emissions as feedstock. The plant will utilize high-yield oil-rich algae strains that Seambiotic has developed and grown in its open pond system coupled with Inventure’s patent-pending conversion processes to produce ethanol, biodiesel and other value-added chemicals.
“We reviewed many potential processes for converting our algae strains to biofuel,” said Prof. Ami Ben-Amotz, chief scientific adviser to Seambiotic. “In numerous tests we’ve conducted with Inventure at their Seattle plant, we’ve been consistently pleased with the quality of the biofuel resulting from their process. Inventure’s technology will enable us to maximize the biofuel yield from our algae.”
“Our joint venture with Inventure will illustrate not only the technological capabilities of our combined processes, but also the validity of the CO2 to algae to biofuel model as a means for coal-fired power generators to meet CO2 reduction mandates,” said Amnon Bechar, Seambiotic’s chief executive officer. “The biofuel that’s created from algae can be used in the power generator’s operations, or sold on the open market to create a new revenue stream. Either way, this model can pay for the infrastructure necessary to put in place.”
Seambiotic grows and processes marine microalgae for biofuel and Omega 3 oil production.
Inventure Chemical dvelops and commercializes feedstock conversion technologies for biofuel producers.