Bio Architecture Lab (BAL) the privately held company based in California, involved in production of the world’s lowest cost, most scalable, and sustainable source of sugars for biofuel,has partnered with Statoil, one of the world’s largest offshore oil and gas producers, for the production of renewable, sustainable and low cost ethanol derived from macroalgae grown off the coast of Norway.
Statoil would be funding BAL’s research and development (R&D) and demonstration projects, which would then be followed by the commercialization of BAL’s technology in Norway and elsewhere in Europe. This partnership will allow Bio Architecture Lab to accelerate the commercialization and establishment of Statoils technology in key markets in Europe
Statoil, having already made a unique competitive advantage in energy production in the marine environment, the science and the progress BAL and their approach to low cost and sustainable biomass feedstock solutions would add immense value to them.
It is noteworthy that BAL has been building out a similar program off the coast of Chile as part of a program funded by the Chilean government. In addition, BAL has partnered with DuPont in a project funded by the Advanced Research Program Agency – Energy (ARPA-E) to convert macroalgae into isobutanol.
Further info-
http://www.statoil.com/en/Pages/default.aspx
http://www.ba-lab.com/





