The Freeport plant of Algenol Biofuels is one of the recipients of federal stimulus funds according to our colleagues on the Texas on the Potomac blog.
The spending, announced by Energy Secretary Steven Chu, is designed to leverage private investments in pilot, demonstration and commercial scale facilities that are developing biofuels from organic material.
For instance, Algenol Biofuels Inc., in Freeport, is set to use algae to make ethanol directly from carbon dioxide and seawater. According to the Energy Department, once online the facility is expected to be able to produce 100,000 gallons of fuel-grade ethanol annually.
The Freeport project is getting $25 million, it turns out. Here’s the complete list of projects.