According to CNN Money, the company received a Farm-to-Fuel grant from the State of Florida in January 2008, and has since developed two pilot scale floating production systems that are expandable, and suitable for any water-based environment.
The company is currently working with a number of different algae species which could lead to production of more than 14,000 gals of bio diesel fuel per acre. Incorporating algae production into a fish farming system saves production costs of the algae, while allowing the independent operation of each system.
Cycle of Fish Farms to Algae Biofuels
US - Neptune Industries, Inc. is pioneering a new technology for commercializing the production of algae that uses the waste that is generated from fish farming as fertilizer.