Waste streams around the world can be turned into resources for the growth of algae to produce feedstock for the food, fuel, nutraceuticals and pharmaceutical markets. World population will grow from 6 billion to 9 billion in the next 40 years at the same time that food production is under duress. Food safety issues and rising energy costs require action. Harnessing waste streams such as excess heat and CO2 from power generation and nutrients from sewage treatment plants can provide the required inputs for the growing of algae. We intend on manufacturing and providing the licenses to utilize portable, environmentally controllable, high yielding algae grow systems in brown fields algae and grow products that can be consumed locally and nationally. Hundreds if not thousands of these systems can be used in major urban areas across the country to generate jobs in the highest unemployment areas in the country utilizing moderately skilled workers trained in aquaculture.
AgriFuels’ value position involves manufacturing systems and producing high volumes of algae in CT using our proprietary growing process. We will build, own and operate the Algae Grow Systems (AGS) in CT and then license Project Management Companies (PMC) to own and operate them throughout the US. We will contract with local univerities to provide the algae species for our AGS and will manufacture the AGS products with a strategic partner in CT. Eventually, others will purchase equity positions in the company.
AgriFuels, LLC
East Hartford, CT
Paul Hoar, CEO
http://www.agrifuels.com
This company has been selected as a 2011 CT Tech Company to Watch, for more information visit, http://www.ct.org/Innovation_Pipeline.asp.
Click here for the year's event recap--> http://bit.ly/tdNqwc
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