Aquaflow Bionomic Corporation (ABC), Melbourne, New Zealand, states on its website: The world is expected to move from the cultivation of corn and sugar cane for energy purposes to the cultivation of marine algae. Aquaflow has set itself the objective to be the first company in the world to economically produce biofuel from wild algae harvested from open-air environments, to market it, and meet the challenge of increasing demand.
They are trying to simplify the algae to biooil process used by most others in the field by collecting wild algae growing in open-air sludge ponds and waste streams.
UOP LLC, a Honeywell company, and Aquaflow have signed a memorandum of understanding to convert wild algae into fuel products using UOP’s processes and to develop a carbon dioxide sequestration storage model for Aquaflow’s algal oil production facilities.
The companies will also study the feasibility of sequestering carbon dioxide from a refinery or power plant and adding it to wastewater streams in an effort to boost the productivity of the wild algae population.
Aquaflow currently sources its wild algae from oxidation ponds in Marlborough, New Zealand. It doesn’t add carbon dioxide to the wastewater.