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GreenFuel Technologies Receives 2006 Frost & Sullivan ''Technology Innovation of the Year'' Award
(Sep 2006 news item)
Excerpts:
1. GreenFuel Technologies Corporation has been awarded the Frost & Sullivan 2006 Technology Innovation of the Year Award in the emerging field of bio-based fuels (biofuels).
2. The award recognized the introduction of GreenFuel's unique algal bioreactor technology known as Emissions-to-Biofuels(TM) (E2B(TM)). This eco friendly technology uses algal cultivation along with a photosynthesis bioreactor system to generate biofuel by recycling the carbon dioxide in flue gases that emanate from industrial power plants and other CO2 sources.
3. The key three elements of the GreenFuel's approach are adaptive evolution of algae, photomodulation (controlling light and dark cycles), and a customizable field bioreactor.
4. CO2 - rich flue gases are passed via the algae bioreactor to create algal biomass (and carbon is sequestered).
5. GreenFuel is already having projects in Arizona, Massachusetts and New York.
6. The company is looking to fully commercialize the technology within the next two years.
7. About GreenFuel Technologies Corporation - a leading developer of systems for recycling rich CO2 streams from power and/or manufacturing plant flue gases to produce biofuels such as biodiesel, ethanol or methane. Founded in 2001, is headquartered in Cambridge, Massachusetts. ( www.greenfuelonline.com )
Personalities mentioned: Rebecca Bright, research analyst at Frost & Sullivan, Cary Bullock, CEO of GreenFuel Technologies Corporation
See full news item here (sep 2006)
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