The Linde Group and Algenol Biofuels agree to cooperate in CO2 and O2
management for biofuel product
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Munich, 18 November 2009 - The technology group The Linde Group andthe US company Algenol Biofuels LLC have agreed to collaborate in ajoint development project in order to identify the optimum managementof carbon dioxide (CO2) and oxygen (O2) for Algenol's unique algaeand photobioreactor technology. This cooperation will see thecompanies join forces to develop cost-efficient technologies thatcapture, store, transport and supply CO2 for Algenol's proprietaryprocess for the production of third-generation (3G) biofuels out ofcarbon dioxide (CO2), salt water and algae, as well as remove oxygenfrom the photobioreactor."Producing fuels or chemicals from algae is a promising way ofreducing greenhouse gas emissions," said Dr Aldo Belloni, member ofthe Executive Board of Linde AG. "A cost-efficient supply of CO2 is akey factor in this biofuel chain. As a pioneer and leading company inCO2 capture, transport and supply we are delighted to be a key playerin major projects in the algae-to-biofuel area."The research collaboration builds on a process developed by AlgenolBiofuels and other partners. This method utilizes algae, CO2, saltwater and sunlight to directly produce 3G bioethanol and other 3Gbiofuels or biochemicals in photobioreactors. This technologypromises numerous benefits. The production facilities, for example,do not need to be built on land required for food or feed production.Furthermore, the procedure does not consume fresh water nor does itinvolve costly steps for processing or harvesting and storingbiomass. A further key benefit is that the algae also consume CO2from fossil fuel sources (combustion flue gases from coal-fired powerplants, for example). The process is almost entirely powered by thesun.Linde has a wealth of experience in the cost-efficient supply of CO2for climate- and eco-friendly CO2 recycling applications. The OCAPproject (organic CO2 for assimilation by plants) in the Netherlandsis a case in point. Here, Linde supplies over 500 greenhousescovering a total area of 1,500 hectares with CO2 transported bypipeline from a refinery. The higher concentrations of CO2 enable thegreenhouse crops to grow much faster. Linde also works with leadingenergy groups to develop, plan and build pilot facilities forcapturing and storing CO2 from power plant processes.About the Linde GroupThe Linde Group is a world leading gases and engineering company withalmost 50,000 employees working in around 100 countries worldwide. Inthe 2008 financial year it achieved sales of 12.7 billion euro. Thestrategy of The Linde Group is geared towards sustainableearnings-based growth and focuses on the expansion of itsinternational business with forward-looking products and services.Linde acts responsibly towards its shareholders, business partners,employees, society and the environment - in every one of its businessareas, regions and locations across the globe. Linde is committed totechnologies and products that unite the goals of customer value andsustainable development.For more information, please see The Linde Group online athttp://www.linde.comAbout AlgenolAlgenol today possesses the most advanced third-generation biofueltechnology in the United States. Algenol makes low-cost ethanoldirectly from CO2 and seawater using hybrid algae in sealed, clearplastic photobioreactors through its unique, patented Direct toEthanol® technology - all powered by the sun. Algenol's research anddevelopment efforts have culminated in a process that produces over6,000 gallons of ethanol per acre per year, compared to corn at 400.Algenol's process achieves an energy balance of more than five to oneand a lifecycle carbon footprint that is merely 20 percent ofpetroleum (an 80 percent reduction from petroleum). For moreinformation about Algenol Biofuels, please visitwww.algenolbiofuels.comFor additional information:Press Investor RelationsDr Thomas Hagn Thomas EisenlohrTelephone: +49.89.35757-1323 Telephone: +49.89.35757-1330 --- End of Message ---Linde AGKlosterhofstrasse 1 Munich GermanyWKN: 648300; ISIN: DE0006483001; Index: CDAX, DAX, HDAX, Prime All Share;Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Niedersächsische Börse zu Hannover, Regulierter Markt in Bayerische Börse München, Regulierter Markt in Börse Berlin, Regulierter Markt in Börse Düsseldorf, Regulierter Markt in Börse Stuttgart, Regulierter Markt in Frankfurter Wertpapierbörse, Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg;
Datum: 18.11.2009 - 10:04 Uhr
Sprache: Deutsch
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