NRG FX has chosen algae for biological fixation of carbon dioxide because these simple organisms are the most efficient at photosynthesis, a solarpowered chemical reaction that converts CO2 to starch. Requiring only direct sunlight and a small amount of nutrients, Algae combine water with CO2 to perform photosynthesis. Due to their simple cellular structure, microalgae are remarkable efficient at removing carbon dioxide from their surroundings and converting it to high-density natural oils (biocrude). The oil component of microalgae cells that is suitable for the production of biofuel is about 50% of their weight. Viewed on a yield per acre basis, microalgae will produce 20 times the amount of biofuel from a comparable acre of Oil Palm and 600 times that of Corn.

Biofuel from algae presents several benefits over other forms of renewable energy sources, including: the suitability of its final product for the current infrastructure of energy distribution, the lack of need to displace vast amounts of agricultural land for fuel production, and its ability to capture and recycle the carbon dioxide that will continue to be emitted by industry for many years to come.

The NRG-FX Inc. Algae Fuels system utilizes microalgae to convert the CO2 emissions of major industrial emitters into biofuel, through the process of photosynthesis, and ultimately into bio-oil and biodiesel. Situated next to a fossil fuel-burning plant, the proposed system includes the construction of an “algaefarm” - a network of bioreactors - and incorporates several of the Company’s proprietary processes. The global market opportunity for the implementation of Algae Fuels technology among major CO2 emitters in the coal, steel, refining, cement, and other process industries, is significant. In Ontario alone, there are 10 plants producing in excess of 4,000 tonnes per day of CO2.

NRG-FX Inc. Algae Fuels intends to capitalize on the remarkable efficiency of microalgae and has developed a system that is capable of generating significant revenue from the sale of biodiesel alone. This revenue stream is enhanced by the sale of residual biomass and other by-products and may be further augmented by the potential sale of carbon credits.

 

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