PetroSun launched the world's first commercial algae-to-biofuel facility in Rio Hondo (Texas, USA) earlier this month.
The facility consists of up to 1100 acres (445,15 hectares) of saltwater ponds were the company will be growing the algae. 20 of those acres will be used to produce biofuels from algae. Another 20 acres will be used to produce an experimental jet fuel.
The whole facility is expected to produce around 4.4 million gallons of algal oil and around 110 million pounds of biomass per year.
Gordon LeBlanc, Jr., CEO of PetroSun said that their "business model has been focused on proving the commercial feasibility of the firms' algae-to-biofuels technology during the past eighteen months."
He continued by saying:
According to PetroSun they are planning on starting algae farms and algal oil extraction plants in other US states during 2008. They also have plans to expand their business to Mexico, Brazil and Australia.
The above image shows the algae-to-biofuels facility in Texas. Image credit: Google Maps.