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Renewed World Energies
225 Industrial Dr.
Georgetown, SC 29440
T: +1 843-647-7464
F: +1 910-222-3160
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Featured product

RWE Photobioreactor

RWE PhotobioreactorRWE’s revolutionary large scale bioreactor, the RWE Photobioreactor, is at the heart of the project. This patent pending bioreactor consists of three primary components: a vertical pond, automated pro...
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Latest news

Aventura Equities, Inc. Finalized The Acquisition Of A Majority Of Renewed World Energy

McHenry, Illinois- March 10, 2010: Aventura Equities, Inc., (OTC Pink: AVNE) has acquired a majority interest in Renewed World Energies, Inc. of Georgetown, South Carolina, thereby shifting its focus...
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Featured articles

Commercially-viable photobioreactor launched

Renewed World Energies claims world first by Helen Tunnicliffe October 14, 2009 A SOUTH Carolina f...
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Company Developing Algae Farm & Power Plant

October 14, 2009 Renewed World Energies Corp. is working on turning a 5 acre site into an algae bio...
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Renewed World Energies Raising Up To $10M For Algae-To-Energy

Mara Lemos Stein

October 09, 2009

Renewed World Energies Inc. is seeking up to $10 million from a $15 million total equity offering to build the first commercial facility deploying its algae-to-energy technology in South Carolina, company executives told Clean Technology Insight.

The Georgetown, S.C.-based start-up has already raised approximately $5 million out of the equity offering from individual investors, founders and a strategic partner to create a large photo-bioreactor to grow algae strains in a "vertical pond." The system produces fuels and, after gasification, electric power, said Richard Armstrong, co-founder and president of Renewed World Energies, in an interview.

The company is now looking for additional funding to build a commercial system on three acres that will produce 1.6 megawatts of electricity that will be sold to Santee Cooper, South Carolina's state-owned electric and water utility. Armstrong said that Renewed World is "in final negotiations" on a power purchasing agreement with the utility.

Investors have, for a while, been funding scientists and entrepreneurs to crack the code on algae and make the organism generate fuels in a consistent and cost-efficient way, but there are relatively few gallons to show for all the money spent.

Algae-derived jet fuel was used to partially power some trial flights earlier this year, and last month the U.S. Navy said it was purchasing 1,500 gallons of crude algae oil from venture-backed Solazyme Inc. for testing and certification. Earlier in the summer, Exxon Mobil Corp. announced a partnership with venture-backed biotechnology company Synthetic Genomics Inc. under which it will spend more than $600 million in an effort to develop biofuels from photosynthetic algae.

Renewed Energy believes it has been able to achieve results quicker and more cheaply because it didn't approach the challenge from a scientific front, said Armstrong. Instead, he and company co-founder Tim Tompkins tackled it from an engineering front.

"Because we've been project managers of large industrial plants – we've developed close to $5 billion of projects - cost and budget and time is absolutely critical in the engineering field," said Armstrong. "We tried to start backwards from scientists – we started with a system, then put the algae in it. You need the scientist, of course, eventually."

Renewed World has been working on its system for nearly seven years and has an operational prototype for demonstration of the technology.

It's proposed 1.6 MW project is slated to become operational by mid-2010, and it will consist of erecting panels with coils through which the algae circulate, absorb light and nutrients, and multiply. They are then pumped through a gasifier, where a catalyst breaks down the algae at a molecular level and generates a non-condensable gas, gasoline and diesel.

The gas and diesel will be pumped separately to power two 800-kilowatt generators that will produce the 1.6 MW of electricity. Renewed World plans to sell the green gasoline as well, which is being tested for use in existing engines. The planned 1.6 MW system will produce 20,000 gallons of gasoline. Armstrong said that the cost of production of the gasoline will range between 85 cents and $1.25 per gallon, depending on volume.

In addition, the leftovers from the gasification is an "ash" that Armstrong says can be used as an organic fertilizer. The system also uses the heat from the generators to dry the algae for processing, he said.

Some of the challenges in getting algae to produce fuel include the water and space required for setting up open ponds, which are vulnerable to disruption from insects that can alter the pH of the system by just sitting on a tank. Scientists and engineers are addressing that risk by developing closed systems or genetically strengthening the algae strains.

Armstrong said that Renewed World's technology has been developed to catch any changes in the pH of the system and fix it, and that has contributed significantly to keeping the algae strain alive, he said.

For Renewed World, it's more about straightforward engineering, said Armstrong. "The biggest difference in our system is the successful application of automation."

SOURCE: CLEAN TECHNOLOGY INSIGHT - DOW JONES
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