Australia: Turning Algae from CO2 into Fuel. CO2 is not released into atmosphere, but it's going into a renewable source

"A lot of countries worldwide are facing taxation on the carbon dioxide pollution they emit, and many companies are looking to alternative companies like Algae Energy to help do something about it. "If a company is facing millions of dollars of taxation, they will think of an alternative not to face excess taxation," he said. The algae system is known as a closed loop system. A 40-foot shipping container module can be sent anywhere in the world, equipped with power and plumbing. Once algae is grown and harvested, it can be used to create oil. Another product is biomass, which can be used in burning, as in coal, and feedstock in cattle. "Even the byproducts of the unit is a sustainable solution," McConchie said. The company has been growing as fast as its algae. The company went public January 2011 in the Australian Stock Market and has recently been added to the Frankfurt Stock Exchange. In the New York Stock Exchange, they are traded under Foreign Depositories.
"

'via Blog this'Turning algae from carbon dioxide into fuel: Algae is nothing more than a plant. You need water, nutrients and carbon dioxide, and that's basically what Algae Energy uses to grow its system. Headquartered in Perth, Australia, in April the company opened a research and development and analysis facility in Cumming, 2460 Industrial Park Boulevard. Tray McConchie, business manager for Algae Energy, said technology, laboratory testing and fabrication of the company's modules are done in Cumming.