Algae farming biofuels start-up GreenFuel Technologies is teaming up with Spanish engineering company Aurantia to build a $92m greenhouse plant in Spain to grow algae for recycling industrial CO2 emissions into high-value feeds, foods and fuels.
The project consists of a series of development stage, which could eventually scale to 100 hectares of algae-farming greenhouses producing…
What's green, a bit slimy and worth $13.9 million? Nope, it's not Oscar the Grouch with a winning lottery ticket, it is in fact algae: the pond muck that Greenfuel Technologies is aiming to use as a carbon sink.
Greenfuel's plan for the green stuff is to create algae farms that will suck up carbon dioxide,…