BNET “Why Algae-Fuel Firms Are Now Targeting the U.S. Navy, Drugs and Food”
Published: SEPTEMBER 17, 2010
[…] Blue Marble Energy: The Seattle-based company was originally founded to produce biofuel from algae and other biomass. The company has undergone a transformation and recently launched its wholly owned subsidiary Blue Marble Biomaterials. Blue Marble’s CEO Kelly Ogilve explained to Biofuels Digest why they made the change.
The whole business of producing a low-margin product (like fuel) at high volumes is challenged, in many ways it is not working. Especially if you’re raising equity. there just isn’t lots of money for lots of volume any more.
So now, Blue Marble is taking its AGATE technology — that’s acid, gas and ammonia targeted extraction — to breakdown organic feedstocks like algae and food waste to make biochemicals.The idea is to produce renewable chemicals for food, flavoring and cosmetics industries. Right now, most of these industries use petroleum-derived chemmies to create ingredients for its products. That means, Blue Marble can turn the petroleum-based strawberry-flavoring in your soda into something carbon neutral.