Wednesday, October 29, 2008

XL Renewables Says Algae Shows Promise for Fuel, Other Uses

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Not surprisingly with an emerging technology, the playing field is shifting for algae biomass pioneer XL Renewables Inc.

The firm's Algae Development Center has refined its patented XL Super Trough System for algae biomass production at the company's facility at Withrow Dairy in Casa Grande. But a field day to kick off marketing efforts for the system has been pushed back as financing complications are worked out.

"The market demand for vegetable oil from algae biomass is a primary driver for the development of this new crop," said Ben Cloud, president and CEO of XL Renewables Inc. "XL Renewables Inc. continues work toward the development of algae biomass as a crop grown in Arizona, and we expect Arizona to be a leading supplier of algae biomass products for food and energy."

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