With the ongoing implementation of carbon reduction legislation, major industrial facilities in Canada and around the world are looking for ways to reduce their carbon dioxide (CO2) emissions without breaking the bank.
Toronto-based Pond Biofuels Inc. has created a solution to solving the world’s CO2 emission problem. Erected next to any kind of fossil fuel-burning plant or facility, Pond Biofuels’ system is a network of bioreactors that utilize microalgae to convert the CO2 emissions of major industrial emitters into high-energy biomass. So clients are not only reducing emissions, they are also creating a biofuel – either for their own use, or to sell to other customers.
Initially a recipient of the Investment Accelerator Fund (IAF), through Ontario Centres of Excellence (OCE), Pond Biofuels then worked with OCE’s Centre for Commercialization of Research (CCR) to secure its intellectual property to allow the company to go to market broadly.
Pond Biofuels has been operating a demonstration plant at St. Mary’s Cement since February 2010 and has plans to commercialize the technology this year.
“Pond Biofuels has been able to leverage the contribution of OCE and its new Centre for Commercialization of Research to achieve a leadership position in the algae/biomass industry.” —Terry Graham, Chairman, Pond Biofuels Inc.
OCE©2010 Last updated 01/2012