GreenFuel Technologies to build algae to fuel plant in Europe

According to Xconomy, GreenFuel Technologies, the company that has developed a bioreactor that grows algae using the CO2 emissions from power plants, will build an algae-to-fuel plant in Europe. Greenfuel’s bioreactor system takes the algae grown and then uses it to create clean-burning biofuel.

Greenfuel has had some problems with its last generation algae greenhouse in Arizona, so this deal is an indication that the company has worked out some of its problems. The plant in Arizona actually produced too much algae for the system to handle. The system also cost much more than planned. Greenfuel apparently has taken major steps to cut costs and get its processes under control.

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