Florida Algae-preneurs - Making Fuel from Algae

Some Florida businesses are squeezing a trickle of fuel from algae, claiming they can help power the world. But right now, a few expensive drops in the bucket are all they have to show. On 1,000 acres on the northwest shores of Lake Apopka, Orlando businessman Nick VandenBrekel touts a new crop for Florida that he says can help boost the state's economy as it provides another source of alternative energy. His company, Agrisys, has raised more than $25 million from investors and plans to break ground this quarter on ponds and a small refinery where VandenBrekel says Agrisys will be able to grow algae, process it into an oil, and refine the oil into jet fuel, diesel or gasoline. The operation, he says, will be "the world's first large-scale, vertically integrated algae-to-biofuels facility."

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