GPRE receives R&D grant for algae research
June 2, 2008
In April, Green Plains Renewable Energy Inc. received preliminary approval from the Iowa Power Fund for a $2.3 million grant to fund the research and development of algae-based biofuel feedstock production. The grant will allow GPRE to conduct a 195-day test to determine the viability of algae production at its ethanol plant in Shenandoah, Iowa. According to Scott Poor, corporate council director of investor relations for GPRE, the project is expected to sequester the plant's carbon dioxide to produce approximately eight kilograms of algal biomass per day.
Advertisement
Advertisement
Upcoming Events
