PetroAlgae Inc., a renewable energy company that licenses its commercial micro-crop technology globally, has entered into an agreement with Haldor Topsøe A/S and its US subsidiary, Haldor Topsøe, Inc. to provide technology and catalysts to upgrade oils produced from PetroAlgae’s biomass through refinery coking processes and pyrolysis into drop-in renewable fuels, including diesel and jet fuels.
Haldor Topsøe is a leading global catalyst and technology company focused on the refining industry, petrochemical industry and the power industries. PetroAlgae’s micro-crop technology employs indigenous, aquatic micro-organisms suitable to local climates and is designed to enable its licensees to produce an alternative to fossil fuels as well as a high-value protein co-product, while absorbing carbon dioxide from the atmosphere.
We are very excited to be working with Haldor Topsøe to further validate the commercial viability of our micro-crop biomass for use in refinery cokers and the production of a drop in renewable fuel. They have extensive hydroprocessing research and development expertise from both a catalyst and a technology design standpoint and we see this agreement as just the beginning of a relationship that will help us realize the promise of our biomass as a clean and environmentally sustainable alternative to fossil fuels.
—Dr. John Scott, Chairman of PetroAlgae