BioProcess Algae, a Rhode Island-based company partly owned by Clarcor, has signed an agreement to supply microalgal oils to a Swiss company that will refine them to make nutraceutical Omega-3 oils. Clarcor has invested more than $1.8 million for a 15 percent stake in BioProcess Algae.
Eco-Energy, the Franklin-based alternative energy company, plans to develop a large storage and train yard in Cartersville, Ga., northwest of Atlanta. The new project will be able to handle almost 17 million gallons of ethanol each month once it opens late next year.
Alternative energy company PHG Energy has hired Robert Cox to be its national sales manager. Cox comes to the company, which was launched in 2010 by Thompson Machinery and Associated Physics of America, from Pro-Environmental Inc., where he was a regional sales manager. Before that, he was with auto supplier Durr Systems. PHG markets equipment that converts recycled waste material or renewable biomass into natural gas or other fossil fuels.
“I am excited to join PHG Energy and use my past experiences to promote the new generation of downdraft gasification equipment they have developed,” said Cox. “PHG is working to help organizations save money and reduce their carbon footprint. This is something that I support on a personal level and look forward to supporting on a professional level, as well.”
Officials at Eco-Energy, the Franklin-based marketer and distributor of alternative fuels, say they have extended their contract with an Iowa co-op by two years. Eco-Energy and Siouxland Energy and Livestock Cooperative first teamed up over the latter's 60 million-gallon-a-year ethanol plant last fall.
BioProcess Algae, a joint venture that includes Franklin-based Clarcor, said it and its partner Green Plains Renewable Energy will soon begin to build a bioreactor that will produce dried algae to be used in various end products. Clarcor owns 15 percent of the venture.
"We continue to work with potential strategic customers including major food, animal feed, energy and pharmaceutical companies around the world," continued Burns. "Often times, this is the first access they have had to larger quantities of wholesale algae. Our goal is to produce algae in a cost effective manner that can be used as the customer sees fit."
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