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Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
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Thu, Jul 19, 2007

On A Wing And... Pond Scum?

NZ Company Develops Process To Make Fuel From Algae

A New Zealand company whose beginnings lie in treating excess algae on sewage ponds has reportedly developed a technology to harvest that algae, and extracts the fatty lipids that can be used for fuel.

New Zealand's Independent Financial Review reports Boeing and Air New Zealand are secretly working with Aquaflow Bionomic Corporation, a Blenheim-based biofuel developer, to come up with an environmentally friendly aviation fuel made from wild algae.

The biofuel is made from bacterial pond scum that is created through photosynthesis of sunlight and carbon dioxide on sources such as sewage ponds. Marlborough local media said Boeing paid a visit to Aquaflow earlier this year.

The planemaker has publicly put its support behind biofuel development.

As ANN reported, Boeing has entered into a partnership with Virgin Atlantic CEO Richard Branson to develop a bio-fuel for jet engines... and both parties believe they can fly a 747 with one engine running on biofuel as early as next year.

"The positive effects of biofuel will hopefully reduce or almost get rid of the airlines' contribution to global warming," said Branson.

Branson met with NZ Environment Minister David Parker in January to discuss biofuels in general, including Aquaflow's new technology for wild algae. Up until now, the company has concerned itself with biodiesel for land and marine vehicles.

Dave Daggett, technology leader for energy and emissions at Boeing Commercial Airplanes Product Development, was reported as saying algae ponds totaling 34,000 square kilometers could produce enough fuel to reduce the net aviation CO2 footprint for to zero.

Air New Zealand is reportedly conducting the risk analysis and will provide a test aircraft.

Aquaflow Director Vicki Buck declined to talk specifics, but did say the company now has a major international shareholder and a $5 million capital-raising had been successful.

The paper also reports none of the other entities involved will confirm, deny or comment, either... citing confidentiality agreement issues... but adds there were rumors of the collaborative effort at Boeing's 787 Dreamliner rollout last week.

FMI: www.airnewzealand.com, www.aquaflowgroup.com, www.boeing.com

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