A New Source for Heating Oil — In Pawtucket?
How would you like to be able to buy cheap home-heating oil, made from algae in a factory in Pawtucket?
According to an item on the KTHV-TV (CBS 11, Little Rock AR) news-blog site attributed to CNN, oil-from-algae could become an option reasonably soon, and New England-based research is leading the way…
You see algae collecting on ponds and even swimming pools, but for some biofuel enthusiasts the green slime could turn into a gold mine….”Could very well be the fuel of the future…that’s algae,” says Scott Comey from Rhode Island with Energy Innovation.
“For every gallon of algae that you process you can get a half a gallon or more, depending on the strain of algae, of oil,” says Comey.
Comey and his team of 30 PHD’s, professors, and other working New Englanders envision a future in which they could sell algae based biofuel as home heating oil for under 2 dollars a gallon….
Using old factory buildings, the plan is to grow algae in mass quantities, and then convert it into heating oil through a few simple chemical reactions….Comey and his crew plan to move into a Pawtucket factory building to start production, but they still require additional funding to get the deal done.