Aquaviridis, OriginOil sign deal for algae production rollout in Mexico
Algae producer Aquaviridis has entered into a commercial agreement with OriginOil to develop the multi-phase algae production rollout at its sites in Mexicali, Mexico.
OriginOil will provide its expertise to help develop growth and harvesting solutions and implement suitable OriginOil technologies.
In addition, the facility will also serve as a test bed for OriginOil innovations.
Backed by private sector funding Aquaviridis plans to immediately scale up from research and development to ten acres of pilot algae production by the middle of this year.
Commercial scale production capacity is expected by the second quarter of 2013.
Aquaviridis selected the Mexicali Valley as a strategic location due to favorable growing conditions, strong local and governmental support, and available sources of carbon dioxide.
Aquaviridis president Thomas Byrne said OriginOil had some novel, scalable, and potentially game-changing technologies for algae harvesting and growth enhancement.
"We are excited about the opportunity to work closely with them as a partner during our research and planning stage," added Byrne.
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