GreenFuel Technologies Corp. Signs Agreement to License Its Emissions-to-Biofuels(TM) Technology in South Africa.Global Renewable Energy Efficiency Network will utilize GreenFuel's proprietary algae algae (ăl`jē) [plural of Lat. alga=seaweed], a large and diverse group of primarily aquatic plantlike organisms. These organisms were previously classified as a primitive subkingdom of the plant kingdom, the thallophytes (plants that bioreaction process as an integral component of its biodiesel strategy in South Africa CAMBRIDGE, Mass. -- GreenFuel Technologies Corporation GreenFuel Technologies Corporation (GFT) is a startup that has developed a process of growing algae using emissions from fossil fuel combustion. Technology Known as Emissions-to-BiofuelsTM , the leading developer of algae bioreactor bioreactor a container in which living organisms carry out a biological reaction. systems that recycle CO2 in flue gases into clean, renewable biofuels, announced that it has signed an agreement to license its proprietary technology to Global Renewable Energy Efficiency Network, a newly formed biofuels company in the Republic of South Africa. Global Renewable is headquartered in Johannesburg and led by Frik DeBeer and Hendy Schoonbee, pioneers in South Africa's biodiesel industry. Under the terms of the agreement, Global Renewable will have the rights to install and operate GreenFuel's Emissions- to-Biofuels[TM] algae bioreactor systems at multiple locations with commercial deployment potential of 1,000 acres or more. GreenFuel's proprietary Emissions-to-Biofuels[TM] technology uses safe, naturally occurring algae to recycle the carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. in power or industrial plant flue gases into clean, renewable biofuels such as biodiesel. "Successful deployment of the GreenFuel Emissions-to-Biofuel[TM] process could play a major role in helping South Africa achieve its goal of 5% biodiesel production by year 2014," said Frik DeBeer. "When algae are introduced to a rich carbon source, such as the flue gas emissions of a power plant, they propagate exponentially compared to traditional agricultural crops and do not compete for land or water that might otherwise be used for food production." Plans are already underway for Global Renewable to deploy a GreenFuel Technologies Field Assessment Unit (FAU FAU Florida Atlantic University FAU Faculdade de Arquitetura e Urbanismo (Portuguese: Architecture and Urbanism College) FAU Friedrich-Alexander-Universität (Erlangen-Nürnberg, Germany) FAU Film Adapter Unit ) at the Kelvin Power Station in Johannesburg. The FAU is the first stage of testing to optimize algae growth based on local climate, water and solar conditions. "We are extremely pleased that our technology will be introduced into South Africa by such visionaries as Frik DeBeer, Hendy Schoonbee, and the rest of the team at Global Renewable," said Cary Bullock, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of GreenFuel Technologies Corporation. "We look forward to working with this talented and dedicated organization to make algal algal pertaining to or caused by algae. algal infection is very rare but systemic and udder infections are recorded. See protothecosis. algal mastitis the algae Prototheca trispora and P. biodiesel a profitable, commercial-scale industry in South Africa." About GreenFuel Technologies Corporation With more than a dozen pending patents, GreenFuel Technologies Corporation is the leading developer of systems for recycling rich CO2 streams from power and/or manufacturing plant flue gases to produce biofuels such as biodiesel, ethanol or methane. The company, which was founded in 2001, is headquartered in Cambridge, Massachusetts. For more information, visit www.greenfuelonline.com. About Global Renewable Energy Efficiency Network (G.R.E.E.N) G.R.E.E.N is a company involved in various sectors of renewable energy. Company activities include: * Installation and operation of algae bioreactors under license from GreenFuel Technologies Corporation * Production of feedstock for the biodiesel industry starting with De Beers Fuel Ltd based on a franchising model which is a first in the world * Biogas-to-electricity generating plant under license from MWK MWK In currencies, this is the abbreviation for the Malawi Kwacha. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Biogas bi·o·gas n. A mixture of methane and carbon dioxide produced by bacterial degradation of organic matter and used as a fuel. biogas Noun gaseous fuel produced by the fermentation of organic waste in Germany. * A joint venture has also been formed with Green Star Products Inc. for the licensing of the hybrid plant hybrid plant, n the creation of a new plant from natural or artificial fertilization between two species. The letter x in the middle of the plant name indicates its hybrid status. worldwide - a combination of batch and continuous flow systems - also a first in the world. For more information, visit www.infinitibiodiesel.com |
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