improve it or discuss these issues on the talk page . learn how and when to remove these template messages a major contributor to this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . march 2014 learn how and when to remove this template message this article reads like a news release or is otherwise written in a promotional tone . please help by either rewriting this article from a neutral point of view or by moving this article to wikinews . when appropriate blatant advertising may be marked for speedy deletion with db spam . february 2012 this article needs to be updated . please update this article to reflect recent events or newly available information . february 2016 learn how and when to remove this template message algenol biofuels inc. type private industry biofuels founder paul woods craig smith ed legere alejandro gonzalez headquarters fort myers florida revenue us 3.1 million 1 number of employees 127 website www.algenol.com algenol founded in 2006 headquartered in fort myers florida algenol is an industrial biotechnology company that is commercializing patented algae technology for production of ethanol and other fuels . the technology enables the production of the four most important fuels ethanol gasoline jet and diesel fuel using a proprietary process involving algae sunlight carbon dioxide and salt water . contents 1 history 2 research 3 locations 4 projects 5 partnerships 6 grants awarded 7 references 8 external links history edit in 2008 the company announced it would begin commercial production of ethanol by 2009 in the sonoran desert in northwest mexico . this seems not to have happened though and as of 2015 they are still not in commercial production . 2 in october 2015 paul woods the founder resigned and the company announced they were laying off 25 % of the staff and changing to a water treatment and carbon capture now and maybe fuels later focus . 3 research edit algenol s technology potentially allows production of the four most important fuels ethanol gasoline jet and diesel fuel for around 1.27 per gallon each at production levels of 8 000 total gallons of liquid fuel per acre per year but to date has not been successfully implemented in commercial production . potentially the fuel would be produced with a 60 % reduction in carbon footprint and could offer customers savings of 75 cents a gallon . the technology could produce high yields and relies on patented photobioreactors and proprietary downstream techniques for low cost fuel production . these low cost techniques consume carbon dioxide from industrial sources do not use farmland or food crops and provide fresh water . 4 their technology uses sunlight algae non arable land and carbon dioxide to produce ethanol and the leftover spent algae that can be converted into other biofuels . the technology uses blue green algae or cyanobacteria to change co2 and seawater into sugars and then into ethanol and biomass . 5 the process is the only one that can convert more than 85 % of its co2 feedstock into the four fuels . 6 not in citation given algenol s algae are non invasive in natural habitats and the company has tested the algae repeatedly to ensure it is non toxic non invasive and are not plant pests 7 finally on one wet acre of algae algenol could potentially produce approximately 8 000 gallons of liquid fuels . most of the fuel produced is ethanol with approximately 500 gallons diesel 380 gallons of gasoline and 315 gallons of jet fuel . overall this means a potential net production of around 8 000 gallons of fuel on one acre of land while corn ethanol reliably produces approximately 420 gallons of fuel per acre per year . 5 8 9 locations edit algenol s newest facility is located in southwest florida just north of florida gulf coast university in fort myers and opened in october 2010 . the new commercial development facility is working to create a commercially viable fuel from algae . 10 the site features research labs including engineering facilities advanced molecular biology co2 management separations and green chemistry advanced labs and an outdoor process development production unit on 40 acres . 11 it is to cover 43 000sqft and to include 40 acres 160 000 m2 of photobioreactors 12 in october 2011 algenol began construction on a pilot scale integrated biorefinery allowing the company to work with algae from a single strain in the lab all the way to commercial scale production . the integrated biorefinery demonstrates the commercial viability of the technology . 13 algenol also has subsidiaries located in berlin germany and zug switzerland . 13 projects edit by the end of 2014 algenol will have announced the location of its first 2 000 acre commercial production site in the state of florida . algenol also licenses the direct to ethanol technology . 14 one of these licenses is with biofields s.a.p.i. de c.v. in mexico . biofields has access to over 42 000 acres of non arable land in the sonoran desert in mexico . 15 16 the area is close to waters for transportation and growing ethanol markets in south america . 17 another large partner of algenol s is reliance industries ltd. based in mumbai india . finally algenol has stated that they are discussing commercial direct to ethanol projects with several partners in the united states south america israel and africa . 17 partnerships edit algenol has a number of partners . partners include the national renewable energy laboratory biofields membrane technology and research and reliance holdings usa inc. algenol also is partnered with lee county florida and the u.s. department of energy along with universities including florida gulf coast university georgia tech and humboldt university of berlin . 18 grants awarded edit in december 2009 algenol received a 25m united states department of energy grant to help build the integrated biorefinery direct to ethanol project in lee county florida . 19 algenol also received a 10m grant from lee county to employ people in lee county and also build the integrated biorefinery direct to ethanol project . 20 references edit algenol biofuels inc. company profile from hoover s . hoovers.com . retrieved 2010 08 24 . http www.greenoptimistic.com algenol mexico factory to produce ethanol from algae by 2009 20080617 http www.biofuelsdigest.com bdigest 2015 10 25 algenol ceo exits staff cut by 25 investors re up for two years new direction tipped 1 archived january 15 2010 at the wayback machine . a b http algenol.com direct to ethanol direct to ethanol http algenol.com http algenol.com direct to ethanol environmental benefits https www.youtube.com watch v jeg2hmxeddw http www.biofuelsdigest.com bdigest 2013 03 11 algenol hits 9k gallonsacre mark for algae to ethanol process algenol to change sw fla. the world . impending verdict on algenol s biofuel production utility . biofuels international february 2 2010 . algenol partners with lee county as commission votes to approve incentive funding for florida based . pr canada.net . a b http algenol.com about algenol facilities locations http algenol.com commercialization project development activities http www.cnet.com news algae farm in mexico to produce ethanol in 09 http www.treehugger.com corporate responsibility algenol enters the algae biofuel race with process economics advantage.html a b http algenol.com commercialization commercialization http algenol.com about algenol our supporters http www.chron.com business energy article federal money set to flow to renewable fuel 1614425.php us names biofuel projects . cnn . external links edit algenol company website marketwatch article with video of the algenol process from march 2010 retrieved from https en.wikipedia.org w index.php title algenol & oldid 743236956 categories algal fuel producersalcohol fuel producersalgae 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