Algenol is partnering with South China’s Fujian Zhongyuan New Energy Company (ZYNE) to solve three major problems: lack of clean air, clean water and the needs for sustainable, low carbon fuels. The two companies will work together on an exploration project where Algenol will take ZYNE’s captured CO2 and covert it to ethanol. Algenol’s technology, Direct to Ethanol, uses the CO2 as the feedstock for algae to produce ethanol, gas, diesel and biojet fuel.
Algenol’s CEO and Founder Paul Woods and Wang Suwei, ZYNE’s Chairman of the Board in Seattle, WA
“We all share one atmosphere. Clean air has no borders,” said Algenol CEO Paul Woods during a ceremony to solidify the partnership. “We are eager to bring our technology to China because we know that our process can remove health-damaging pollution straight from its source and turn it into renewable fuel and clean water.”
According to an Algenol press statement, this partnership unites the economic and environmental benefits of their technologies with ZYNE’s existing expertise in delivering renewable fuels in China. The companies will identify and evaluate the utilization of CO2 emissions from industrial sources such as power plants, steel mills, cement and chemical factories in the Fujian province, and other parts of Southern China. Once the CO2 sources are identified, the process will begin to incorporate Algenol’s technology solution of carbon capture and utilization and renewable fuel production. An added benefit of Algenol’s technology is the primary by-product of clean water, which is valuable to many communities in Southern China.