Algenol opens new US headquarters

By | January 03, 2009
Florida-based Algenol Biofuels Inc. announced the opening of its new U.S. headquarters in Naples, Fla., on Oct. 27. The offices will house the company's development and executive teams. It also has offices in Baltimore and Palm Beach County, Fla.

Algenol has developed an algae-to-ethanol technology trademarked Direct to Ethanol. During the production process, sugar is produced through photosynthesis and immediately converted into ethanol. Algenol's first commercial-scale facility will be located in Mexico and is scheduled to break ground in late 2008 or early 2009. It's expected to produce 1 billion gallons of ethanol annually.