Seambiotic to be Featured on CNBC
Seambiotic, and Israeli-based algae biofuel company, is going to be one of several companies featured on CNBC next week in a one hour show called “Beyond The Barrel: The Race To Fuel The Future.”
The amount of Israeli companies specializing in powering the future is too long to mention, more than one hundred were present in Eilat. But a few of the all-stars are setting new standards in solar, wind and bio-energy.
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Seambiotic is a firm started by a British born, former star attorney in Israel named Daniel Chinn. His company isn’t just on the road to making bio-diesel out of algae, they’ve also found a way to take the exhaust from pollution causing fossil fuel smokestacks at one of Israel’s biggest powerplants in Ashkelon, and make that pollution alternative.
Seambiotic takes the carbon dioxide waste, funnels it into algae pools causing the algae to grow faster and stronger. That carbon dioxide is one of the things allowing the company to harvest a new batch of algae every week while traditional corn based bio-fuels can only be harvested once or twice a year. Chinn says, “within five or ten years we will really be able to drive down the cost of algae based fuel, and that’s really the only thing stopping us right now.” This year Seambiotic is in the process of setting up one of the largest algae growing facilities in the world, in China.
The goal of this show is to highlight the “amazing race going on right now around the world to find the fuel of the future.”
Should be an interesting show so tune in to CNBC at 8pm ET on April 22 to check it out.
