PetroAlgae intends to work with Foster Wheeler to develop commercial solutions that will allow existing oil refineries to convert micro-crop biomass into fuels that are functionally compatible with petroleum-based fuels in the current market.
The two firms will create end-to-end market solutions for large-scale production of green gasoline, diesel, jet fuel and specialty chemicals.
John Scott, chairman of PetroAlgae, said: “Foster Wheeler’s engineering and refining expertise coupled with our commercial scale biomass technology will provide an opportunity to create end-to-end market solutions for optimizing the conversion of large quantities of biomass into large quantities of green fuels.
“Through this partnership, we expect to further optimize our fuel and petroleum replacement output, more rapidly integrate with current refinery systems and realize the benefit of Foster Wheeler’s ability to bring innovation to the process. These solutions offer the promise of transforming sunlight into fuels, thereby providing countries around the world with yet another option on the path to sustainable and clean energy independence.”
