Sustainable Aviation Fuel
In order to achieve net zero aviation globally, the world needs hundreds of millions of tons of sustainable aviation fuel. Even though supply is growing by 65% annually, there is still a very large shortfall in the level of supply needed to meet demand.
INNOVO is setting up 24 very large bio-farms in the USA and Australia. Together, at full capacity, they will produce crude algal oil sufficient to yield 2.5 million tons of sustainable aviation fuel. This is more than double the current global production of sustainable aviation fuel.
A bio-farm has thousands of tanks filled with algae in seawater. CO2 in industrial smoke emissions is bubbled through the tanks as well as air with its CO2. The algae grow rapidly in sunlight with photosynthesis. The algal biomass is harvested and profitably refined into crude algal oil, which is used to make sustainable aviation fuel.
Five of the world's Top 10 oil & gas companies each had teams performing full due diligence over 2 years on the bio-farm technology and its production. Between them, they then placed $16 billion of offtake contracts for crude algal oil to be refined into sustainable aviation fuel.
If you are interested in buying a large volume of crude algal oil for refining into sustainable aviation fuel, please contact us.