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First Commercial Algae to biofuel operation
PetroSun Issues Algae-to-Biofuels Corporate UpdatesSCOTTSDALE, AZ--(Marketwire - March 24, 2008) - PetroSun, Inc (PINKSHEETS: PSUD) announced today the following corporate updates. The Rio Hondo, Texas algae farm will commence operations on April 1, 2008 as PetroSun's initial commercial algae-to-biofuels facility. The current algae farm consists of 1,100 acres of saltwater ponds that the Company projects will produce a minimum of 4.4 million gallons of algal oil and 110 million pounds of biomass on an annual basis [about 300 barrels oil per day equivalent - not much but not nothing either]. Posted by: mhw 2008-03-25 |
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