SEATTLE, Oct. 9 /PRNewswire/ -- Two of America's leading renewable biochemical companies, Blue Marble Energy Corp. and Bionavitas, announced a partnership today in which Blue Marble Energy will produce high-margin biochemicals from microalgae supplied by Bionavitas. Blue Marble CEO Kelly Ogilvie officially announced the partnership at the 3rd Annual Algal Biomass Summit in San Diego.
Bionavitas, based in Redmond, Washington, has developed Light Immersion Technology(TM) (LIT(TM)) that enables the rapid, cost-effective production of algae for environmental remediation, manufacturing health and nutraceutical products, and producing biofuels. Blue Marble Energy, based in Seattle, has developed a proprietary technology to produce a wide array of high-margin, carbon neutral specialty biochemicals from organic biomass. These biochemicals include esters, a group of chemicals used in food, fragrance, plastics, resins and adhesives.
"There is no question that algae are a key component of the solution and will help reduce our dependence on fossil fuels," said Ogilvie. "But fuel isn't the only useful product that can be developed using algae. While many people think of oil simply as a source of fuel, it is also an important component of almost everything we eat, drink, manufacture, and wear. With the efficient algae-production capability of Bionavitas, and our ability to convert that algae into specialty biochemicals, it was a natural step for our companies to partner."
"Our Light Immersion Technology gives us the ability to efficiently produce high quality algae that is uniquely suited for Blue Marble's processing technology," said Michael Weaver, CEO of Bionavitas. "We look forward to jointly pursuing commercialization opportunities for our combined technologies."
Light Immersion Technology(TM) can be used to grow algae t
|SOURCE Blue Marble Energy Corp.|
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