"Algae to Oil" R&D Launched

from businesswire.com:
Unlike Food Crops or Cellulosic Materials, Algae Produce Oil Naturally and Can Be Processed to Make Biofuel, the Renewable Equivalent of Petroleum, and Refined to Make Gasoline, Diesel and Jet Fuel

VANCOUVER, British Columbia--(BUSINESS WIRE)--Pursuant to a recently signed collaborative research agreement, International Energy, Inc. (OTCBB: IENI) is pleased to announce that it has launched its “algae to oil” research and development initiatives.

International Energy is working to develop advanced biotechnology protocols for enhanced growth and biofuel productivity based entirely on the photosynthesis of algae, which have the unique capability of taking a waste (zero-energy) form of carbon (CO2) and converting it into a high-density liquid form of energy (natural oil). As a result, algae have emerged as one of the most promising sources for biofuel production.

In contrast to food crops or cellulosic materials, certain algae produce and accumulate oil naturally and can, in the process, clean up waste by absorbing and utilizing nitrogen oxides and carbon dioxide, aiding in carbon sequestration and the mitigation of climate change.

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