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Akenolaer is ambitious and its goal is to establish a seaweed ethanol production facility along the coast of the United States. The company plans to produce 100 million gallons of ethanol in the region of Soloa, Mexico at the end of 2009. By the end of 2012, the company plans to increase production capacity to 1 billion gallons, which is equivalent to more than 10% of the current US ethanol production capacity.
Arkenal has the world's largest seaweed culture library in Maryland, USA, to study the growth of this microorganism in seawater or fresh water, and has achieved a number of technological achievements. The advantage of algae is its potential to absorb carbon. It is said that the production of 100 million gallons of ethanol from seaweed will absorb about 1.5 million tons of carbon dioxide. Another advantage of using seaweed for ethanol production is that seaweed has high productivity compared to agricultural crops. According to Akenolaer estimates, an acre of seaweed can produce 6,000 gallons of ethanol. According to this production efficiency, if all the fuel ethanol in the United States is made from seaweed, it is expected to reduce 97% of the land needed for growing agricultural crops.
Algenol, a company based in New York, USA, recently announced that it will use seaweed to convert carbon dioxide into fuel ethanol. The company has signed an $850 million contract with a Mexican biotech company to breed seaweed that converts water, sunlight and carbon dioxide into fuel for vehicles.