Algae to produce fuel in europe, plant will cost $92 million, who knew?

By on Mar 17, 2008

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GreenFuel Technologies, the Cambridge, MA, alternative energy company has reached an agreement—worth up to some $92 million—to build an algae-based fuel plant in Europe, according to sources close to the firm. GreenFuel is developing algae bioreactor systems to convert carbon dioxide emissions into renewable, clean-burning biofuels. Perhaps we can all send our excess algae in our tanks over there way? If they provided us a box and a prepaid postage label we would be all set!

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