Tuesday, February 07, 2012, 02:30 (GMT + 9)
Algae producer Aquaviridis has signed a commercial agreement with OriginOil, Inc to help develop the multi-phase algae production rollout at its Mexicali site, Mexico, a potential model for algae sites throughout the North American Free Trade Agreement (NAFTA) region, with a focus on desert areas of the American Southwest and Mexico.
OriginOil will provide its expertise to help develop growth and harvesting solutions and implement appropriate OriginOil technologies. The facility will also serve as a test bed for OriginOil innovations.
Aquaviridis is backed by private sector funding, with plans to immediately scale up from research and development to ten acres of pilot algae production by the middle of this year. Commercial-scale production capacity is expected by the second quarter of 2013.
Aquaviridis selected the Mexicali Valley as a strategic location due to favorable growing conditions, strong local and governmental support, and available sources of carbon dioxide.
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