Yesterday, Green Plains, our joint venture partner, had their third quarter 2013 financial results conference call. On the call, Green Plains CEO Todd Becker gave an update on our algae facility that is co-located with the Green Plains Shenandoah ethanol plant. Here is what Todd reported on in the call:
- Retrofit of Grower Harvester biorecators has been completed with solid yield improvements.
- We are now growing algae autotrophically in final growth phase for increase yields without sunlight. This is combined with main output for growth (CO2, warm water and waste heat); a mixotrophic process.
- A fermentation tank will be installed this week inside the Shenandoah ethanol plant where algae will be fed waste sugars from the ethanol process.
- DOE scope is being finalized to determine what the platform will look like in 2014 and 2015.
- We are focusing on product development efforts in nutraceuticals, fish meal, fish oil replacement, and different uses in human nutrition.
- We have hired a new VP of business development who will work to secure strategic partners and customers.
- We have produced 21 tons of dried biomass since ramped up production last year.
- Product is being shipped out this week for fish meal trials.