[USA] Converde Energy USA Inc. (OTC Pink: XFUL) (PINKSHEETS: XFUL), is pleased to report that it will begin to test simultaneous grinding and oil extraction of Algae using our system at our Cambridge facility.
Converde has always been working on our Algae technologies, continuously improving them over the last few years since our pilot plant was decommissioned. As previously reported the company has been implementing its new Algae bioreactor technology and has hired a biochemical engineer to oversee the project. We are very excited with the initial results of this work and are pushing to have a new pilot system up and running fully in the near future.
Management has decided in the meantime to use our oil extraction technologies to assist other algae producers with the most difficult task in Algae production. This task is the ability to extract these valuable oils cheaply and on a continuous basis.
Mr. Michael McLaren CEO, states, “Our grinding technology is a leader in the marketplace and continues to out perform traditional oil extraction technologies as well as existing milling technologies presently in the market. What differentiates us from the competitors with our technology is the ability to wet grind and extract the oils without having to dry the product. This will allow us to save time, and money for customer which is key to producing algae fuels that will be competitive in today’s market.”
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