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BioProcess Algae: Biofuels Digest's 5-Minute Guide

From Biofuels Digest - Oct. 23, 2012 Address: 45 High Point Avenue, Portsmouth, RI 02871 Year Founded: 2008 Company description: BioProcess Algae produces low-cost, high-quality algae feedstocks for a variety of downstream markets including food, feeds and fuels. BioProcess is based in Portsmouth, RI and is currently running a demonstration facility at the Green Plains Renewable Energy, Inc. ethanol plant in Shenandoah, Iowa. Grower Harvester™ bioreactors have been tied directly into the plant’s CO2 exhaust gas since October 2009. Initial co-location strategy has focused on bridging First Generation biofuels to Next Generation biofuels and bioproducts. Major Investors • Green Plains Renewable Energy (NASDAQ:GPRE) • CLARCOR (NYSE:CLC) • BioProcess H20 3 Top Milestones for 2009‐12 1. Commercial supply agreement for EPA-rich Omega-3 oils with KD-Pharma for use in concentrated EPA products for nutritional and/or pharmaceutical applications. June 2012 2. Groundbreaking on Five Acre Production Facility (Phase III) at Green Plains in Shenandoah, Iowa following the unveiling of commercial scale bioreactors (Phase II) less than a year prior in April 2011. 3. Successful algae-based poultry feed trails complete. Algae strains produced for feed trials demonstrated high energy and protein content that were readily available, similar to other high value feed products used in the feeding of poultry today. Read More