AlgoDyne Ethanol to Acquire Up to 3,000 Acres of Land in Saskatchewan to Grow Crops for Ethanol ProductionDate Posted: March 25, 2007 Las Vegas--As announced earlier this week, AlgoDyne Ethanol Energy Inc. signed a letter of intent to acquire approximately 800 acres of agricultural land in Saskatchewan. AlgoDyne Ethanol Energy Inc. on March 23 decided to increase the total amount of land to be acquired to up to 3000 acres to grow bioenergy crops and Miscanthus. AlgoDyne has discovered that by applying certain aspects of its proprietary enzyme technology gained from its micro-algae research to grain crops and especially to Miscanthus, the EROI (Energy Return on Investment) of ethanol from land grown biomass can be increased significantly to a sustainable economic level. AlgoDyne will establish its own biomass distribution network to supply the ever increasing demand for biomass for ethanol production. AlgoDyne's main focus still lies on the development of micro-algae as the primary source of biomass for ethanol production. The Company has gained strong evidence for the vast superiority of micro-algae regarding the YPE (yield per effort) / EROI compared to land grown biomass. The Company is determined to exploit the boom in grain crops to expand research on its disruptive technology to produce ethanol from micro-algae.
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