|This article reads like a news release, or is otherwise written in an overly promotional tone. (February 2012)|
|Founder(s)||Paul Woods, Craig Smith, Ed Legere, Alejandro Gonzalez|
|Headquarters||Bonita Springs, Florida|
|Key people||Paul Woods (CEO & President)
Dr. Craig Smith (COO)
Ed Legere (Principal & Co-Founder)
Katie McFadden (CFO)
Dr. Ron Chance (Sr. Vice President of Engineering)
Quang Ha (General Counsel)
|Revenue||US$ 3.1 million|
Algenol, founded in 2006, headquartered in Fort Myers, Florida, Algenol is an industrial biotechnology company that is commercializing patented algae technology for production of ethanol and other fuels. The technology enables the production of the four most important fuels (ethanol, gasoline, jet, and diesel fuel) using proprietary algae, sunlight, carbon dioxide and saltwater.
Comparison with other alternative biofuels
Algenol claims the process can produce 9,000 US gallons per acre per year (8,450 m3/km2·a) as compared with around 370 US gallons per acre per year (350 m3/km2·a) produced by growing corn and fermenting it and 890 US gallons per acre per year (830 m3/km2·a) for sugar cane. The algae is grown in salt water and so can be grown in desert areas using sea water rather than needing existing agricultural land and water sources. Their process also uses carbon dioxide generally obtained as a waste product from power stations.
Algenol's newest facility is located in Southwest Florida, just north of Florida Gulf Coast University and opened in October 2010. The new research and development facility is working to create a commercially viable fuel from algae. The site features research labs including engineering facilities, advanced molecular biology, CO2 management, separations, and green chemistry advanced labs and an outdoor process development production unit on 40 acres. It is to cover 43,000sqft and to include 40 acres (160,000 m2) of photobioreactors In addition, Algenol and FGCU are working together on curriculum, internships and teaching opportunities.
The company operates the world's largest blue green algae library and the algae they are using was chosen from a collection of nearly 10,000 strains.
BioFields have committed to build an algae farm in the Sonoran Desert in northwest Mexico and intend to sell the ethanol fuel at or below market price of ethanol. Production was planned from Mexico in 2009, now delayed to 2012 due to permitting delays and the company says it plans to produce 1 billion US gallons (3,800,000 m3) by the end of 2014 which would make it the worlds largest ethanol producer.  They have claimed production costs as low as 85¢ per US gallon (22¢/l).
In June 2009 they announced a partnership with Dow Chemical to build a demonstration project, Integrated Biorefinery Direct to Ethanol project in Lee County Florida, site with 3,100 bioreactors. The bioreactors shown in 09 were long closed and sealed flexible plastic looking rather like a long hot dog balloon. Dow will provide the plastic balloon material. The Georgia Institute of Technology and Membrane Technology will also work on the process. Algenol also announced partnerships with Valero Energy Services and Linde Gas AG 
In December 2009, Algenol received a $25m United States Department of Energy grant to help build the Integrated Biorefinery Direct to Ethanol project in Lee County, Florida. Algenol also received a $10m grant from Lee County to employ people in Lee County and also build the Integrated Biorefinery Direct to Ethanol project in Lee County Florida. 
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