February 2012
Pond Biofuels is developing a new algae growth system that will use CO₂ emissions from smoke stacks to grow biomass, which can then be converted into biodiesel, bioplastics or act as a substitute for renewable coal.
With support from the Ontario, Canada province, Pond Biofuels aims to get a full scale commercial facility into operation at St Marys Cement by 2014.
About one tonne of the algae will be able to produce 100 litres of biodiesel and production of the algae should help to reduce Ontario’s pollution costs, which currently amount to about $4 billion a year.
Steve Martin, CEO of Pond Biofuels, says: ‘Solving the problem of industrial emissions requires industry, government, technology and capital all working together. We have that here, with Pond Biofuels providing the technology, St. Marys as our commercialization partner, angel investors in the Biomaterials Investment Group and support from the Province of Ontario. Going forward, Pond's made-in-Ontario technology can be applied to other essential industries, like steel, power generation and resource extraction.’
‘This partnership between St. Marys Cement and Pond Biofuels, made possible with the support of the Government of Ontario, reinforces St Marys Cement's commitment to producing the most sustainable building materials available. With our goal of near-zero emission cement manufacturing and a biofuel distribution fleet, the most sustainable energy projects, green buildings, homes and highways of tomorrow will soon be a reality,’ adds Martin Vroegh, corporate environment manager of St Marys Cement.
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