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BOSTON, Aug. 12 /PRNewswire/ -- Allied Minds, a seed investment corporation specializing in early stage university business ventures, has partnered with the University of Washington to establish AXI, LLC to commercialize novel technology to develop and create commercially advantageous strains of algae for the production of biofuels.
AXI is developing algal strains that will bridge the gap between the promise of clean energy generation and the reality of economical biofuel production systems. Of the many feedstocks that can be used for biodiesel, algae are emerging as the clear winner because significant biomass can be produced on non-arable lands (thus avoiding the food vs. fuel debate) and CO2 (a greenhouse gas) supports their growth. "Our proprietary methodology for developing specific growth and productivity traits will help any algal production system improve its output of inexpensive, oil-rich algae as the raw material for the generation of biofuel," says Biology Professor Rose Ann Cattolico, developer of the AXI technology at the University of Washington.
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