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Environment
Valero Signs Biofuels Pact With Algenol
by Melody Voith
May 17, 2010
| A version of this story appeared in
Volume 88, Issue 20
Start-up Algenol Biofuels has signed a joint development agreement with Valero Services, a subsidiary of Valero Energy, to explore ways to combine Algenol’s algae-to-ethanol conversion technology with Valero’s transportation fuel and chemical expertise. According to Algenol, the collaboration could lead to a joint venture for commercial-scale algae facilities and fuel distribution. In addition to Valero, Algenol has also partnered with Dow Chemical and industrial gas company Linde.
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