UOP LLC, a Honeywell company, and Aquaflow Bionomic Corp., a New Zealand-based algae biodiesel development company, have signed a memorandum of understanding to convert wild algae into fuel products using UOP’s processes and to develop a carbon dioxide sequestration storage model for Aquaflow’s algal oil production facilities.
In September Aquaflow announced it had produced the world’s first sample of green-crude, a crude-oil equivalent, from wild algae. According to Aquaflow Director Nick Gerritsen, the focus is on making a range of fuels rather than purely a lipid-based crude oil. Aquaflow plans to maximize the total biomass value from algae and equally maximize the fuel value of its green crude.

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