A great source of contention in the alternative energy field is the argument of "food or fuel". The argument goes something like this... There are finite resources available for the production of biomass and biofuel. Utilizing these resources removes arable land from food production, increasing the strain on the world food supply and increasing hunger. But, what if you can do both as the same time?
PetroAlgae is "a Florida-based leading renewable energy company, licenses a commercial micro-crop technology system that enables the production of green diesel and a high-value protein food source in an environmentally beneficial manner." The co-product of this process is a highly adaptable protein powder that can supplement and fortify animal feeds and human food processing. Therefore, this company can reduce our reliance on foreign oil without negatively impacting our food supply.
Foster-Wheeler has entered into a Memorandum of Understanding with PetroAlgae for engineering services that will allow for an unprecedented level of biofuel production. Additionally, the algae-derived oil will be refined into traditional petroleum products (e.g. kerosene, gasoline, and jet fuel) in addition to biodiesel.
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