Massachusetts-based Waltham Technologies thinks it has the potential to break into the California wine industry, cleaning its waste water and producing biodiesel with a special breed of blue-green algae.
The company thinks it could make enough biodiesel for a brewery or winery to run its process as well as some of its vehicles, depending on how much biochemical oxygen demand it has in its waste water ponds.
The companies CEO, Ryan said they plan to test their technology come September at Portsmith, N.H.-based Smuttynose Brewing. Ryan said the company's target market, to start, is going to be craft and regional breweries, generating 15,000 to 2 million barrels per year.
The company is seeking $500,000 to $600,000 to fund its initial two years of development, after which it expects to become profitable. Other than the algae waste treatment project the company is also doing lab testing and analysis .
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