PetroSun announced today that it has formed a new division, called PetroSun BioFuels Refining, to enter into a joint venture that will construct and operate a biofuels refinery in Arizona. PetroSun BioFuels will provide the algal oil feedstock from its planned Arizona algae farms and extraction plants.
The first Arizona refinery complex is designed to be upgraded to an annual biodiesel output of 55 million gallons. The biodiesel and ethanol will be contracted for blending and distribution throughout the Phoenix metropolitan area.
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