(27 Mar 2012) HEADLINE: Algae fuel could become inexpensive alternative
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CAPTION: With the help of the sun and a patented and secret industrial process, this green liquid can be turned, in only one day, into oil. (March 27)
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[Location - Date:] Alicante, Spain - 26 January 2012
[Source:] ap tELEVISION
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WITH CRUDE OIL PRICES CONTINUING TO CLIMB, ONE COMPANY IS HOPING TO TAKE THE CONCEPT OF GREEN FUEL TO A WHOLE NEW LEVEL.
BIO FUEL SYSTEMS, THE SPANISH FIRM RUNNING THIS PROJECT SAYS THEY CAN PULL OFF IN ONE DAY WHAT MOTHER NATURE TOOK MILLIONS OF YEARS TO ACCOMPLISH.
CO2 IS PUMPED INTO TUBES FILLED WITH LIQUID ALGAE. SUNLIGHT AND A PATENTED INDUSTRIAL PROCESS THEN TURNS THE ALGAE INTO OIL.
CALL IT ENHANCED PHOTOSYNTHESIS.
BFS CALLS IT AN INEXPENSIVE AND SUSTAINABLE WAY TO PRODUCE FUEL. THE CO2 USED IN THE PROCESS IS CAPTURED FROM A NEARBY CEMENT FACTORY.
[SOT/:Bernard A.J. Stroiazzo-Mougin, Founder and Chairman BFS:]
"The main problem of the fossil fuel is that for each barrel of oil you issue 450kgs (990 lbs) of CO2. In our system is the reverse, for each barrel we burn in a car or in an aircraft or wherever you want, we reduce one ton of CO2."
98% OF THE EXTRACTED BIOMASS CAN BE REFINED INTO GASOLINE OR OTHER FUELS. THE REMAINING 2% CAN BE USED IN THE PHARMACEUTICAL OR COSMETIC INDUSTRIES.
BFS SAYS THAT'S THE KEY ISSUE IN ORDER TO BE PROFITABLE.
IF IT CAN OFFSET THE COSTS OF USING THE OIL AS ENERGY WITH THE HIGHER MARGINS SEEN WITH PHARMACEUTICALS, IT ESTIMATES BIO-OIL COULD BE AROUND $60 A BARREL.
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