[USA] Algenol Biotech LLC and Protec Fuel Management, LLC have entered into an agreement to offer ethanol made from algae commercially for the first time.
The ethanol will be distributed into the market from the Angenol´s commercial demonstration module, as well as from a commercial plant to be developed in Central Florida in 2016 and 2017, which will supply 28 million gallons per year of ethanol.
“This alliance is a logical step for Algenol as our commercial fuels are coming on-line,” says Algenol Founder and CEO Paul Woods. “We are excited about partnering with a successful, innovative renewable fuels distributor, who is knowledgeable in the regional and Florida ethanol market and has the expertise and relationships to grow the partnership nationally.”
Protec Fuel will distribute and market the fuel for E15 and E85 applications for both retail stations and general public consumption, as well as fleet applications.
“We know that advanced ethanol is a key element of the future of fuels, and we are excited to partner with Algenol, the leader in the development of algae-based fuels,” said Todd Garner, CEO, Protec Fuel.
While the partnership will initially focus on Florida, the agreement provides for expansion into a national partnership scope as Algenol develops projects in other markets.
View original article at: Ethanol made from algae to enter the market