The Mexican government is getting into the renewable fuels game – they are funding a pilot scale algae project spearheaded by OriginOil to develop renewable jet fuel. The government is using the project to demonstrate industrial algae production and then hopes to launch the project into a substantial investment in large-scale jet fuels production.
“We are excited to support Mexico’s ‘Manhattan Project’ to produce 1% of the nation’s jet fuel from algae in less than five years,” said Riggs Eckelberry, OriginOil CEO. “By the end of this decade, the project must produce nearly twenty times that amount, propelling Mexico to the front rank of bio-fuel producing nations. We pledge the full dedication of our resources to help make this happen.”
Genesis Ventures of Ensenada, Baja California will be the project operator and the company has received a first Economy Ministry grant through The National Council for Science and Technology (CONACYT) for its first site. Genesis will develop the site as a model for numerous additional projects to be co-located with large CO2 sources. Once complete, the site will be operated by Ensenada’s Center for Scientific Research and Higher Education (CICESE) who have also invited University of Baja California (UABC) algae researchers to collaborate on the project.
“We intend to rely heavily on OriginOil’s expertise in feeding and sanitizing algae cultures, and its core harvesting and extraction technology,” said Eduardo Durazo Watanabe, President of Genesis Ventures. “Through our partner Jose Sanchez, we have a uniquely close association with OriginOil which will enable us to scale up production quickly.”