"Algasol Renewables' approach is expected to be the pioneer to achieve an economically and environmentally sustainable large-scale algae biofuels production," says Frost & Sullivan Global Program Manager, Transportation Chemicals, Robert Outram. "The company has shown an astonishing entrepreneurial dexterity in introducing a new environment-friendly production system, which could eventually be rolled out across the world."
Large-scale production of algae biofuels requires huge amounts of energy, water, nutrients, and non-degradable inputs. This is likely to raise concern about its supposedly beneficial environmental contribution. Achieving this goal is expected to significantly ease the world's fossil fuel dependency. Hence, CO2 emissions, which contribute to climate change, are likely to be reduced.
Algasol Renewables' technology reduces the need for intensive use of resources not only by reducing cost, but also by leaving a positive footprint on the planet. Being a modular "plug and play" system that can be rolled out easily and locally, Algasol Renewables' technology avoids the carbon footprint associated with constructing and installing more complex production systems and with transportation of fossil fuels. Its innovative approach is expected to have a significant beneficial effect on the environment, if it allows a massive adoption of algae biofuels. Thus, the amount of fossil fuels consumed is expected to be reduced. In the long term, the company expects to adopt biodegradable plastic materials for its floating bags, thereby increasing its commitment to the environment.
For these achievements, Algasol Renewables is the worthy recipient of the 2010 Global Alg
|SOURCE Frost & Sullivan|
Copyright©2010 PR Newswire.
All rights reserved