Georgetown SC (SPX) Jul 16, 2009
Six years ago, Richard Armstrong and Tim Tompkins, determined and passionate to thwart American dependency on foreign oil, embarked on a new venture. The lack of viable alternatives and the challenges confronting the substitute energy resources available at that time prompted Richard and Tim to develop a practical alternative.
Richard, an electrical engineer, and Tim, a chemical and mechanical engineer, saw a market gap and sought to fill it. Combining their strengths and 15-years together in project management, they created not only a fiscally responsible, but an energy and resource efficient, scientifically sound, algae processing system - the first to be commercially-viable.
Richard Armstrong is president and Tim Tompkins is chief technical officer of Renewed World Energies (RWE). They are the inventors of a newly patent-pending system for growing, harvesting, and extracting oil from microalgae.
The RWE system is also designed to efficiently remove nitrogen oxide and carbon dioxide from flue gas (compressed CO2 can also be used) emitted from the power generation industry, resulting in clean air, and producing high quality, commercially valuable algae biomass and a highly nutritious livestock feed source.
RWE's system is capable of responding to various strains of algae and is adaptable, via control parameter changes to its many unique characteristics.
"Being at the forefront of an innovative technology that promises change for the better across so many spectrums is inspiring," states Richard Armstrong, president of Renewed World Energies.
"We are seeing our goals come to fruition with a viable alternative that unites green and market standards and a day when dependence on foreign oil is a distant memory."
Richard and Tim's vision is being realized and met with fervent anticipation. In preliminary prototype testing, results promise dramatic cost savings and greater yields over existing algae production technologies.
RWE has just constructed a new facility in Georgetown, South Carolina and is already negotiating beta test agreements with several universities, biodiesel companies, nutraceutical companies and energy/power generation plants.
RWE has made a conscious effort to "be green." The site selection of their facility was based on being within a 50-mile radius of their system and is located on unused farmland, to reduce transportation and land use costs. The facility is situated on roughly five acres of industrial property, which is located near a major US highway, and 4 miles from the port of Georgetown.
The new facility aims to have at least two full acres of commercial algae growing systems, with smaller pilot units testing different strains for the aforementioned industries this autumn, with more to follow.
RWE's system will also be used by power plants to consume their carbon dioxide (CO2) and nitrogen oxide (NOx) discharges, assisting them in becoming more carbon neutral and environmentally sound.
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