With the help of the Ontario government, Pond Biofuels is piloting a new CO2 absorption system at St. Marys Cement. The new system will reduce greenhouse gases by absorbing dirty smokestack emissions, and grow algae which can be used in oil production, can be converted into biodisel and bioplastics, or act as a renewable coal substitute. One tonne of algae can yield 100 liters or more of diesel, and the biomass can be used as a renewable energy source. The expected completion date for a full-scale commercial facility will be 2014.
“Algae is one of the fastest growing organisms in the world, consuming almost twice their weight in carbon dioxide, it is the most cost effective and sustainable means of carbon sequestration.”