JOHANNESBURG, South Africa, July 27, 2009 (GLOBE NEWSWIRE) -- Odyssey Oil & Energy, Inc. (OTCBB:OOGI) reports that the Algae Bio-fuels / Carbon Capture pilot plant at the Boschoek smelter is running and has successfully completed a variety of tests. The Algae is growing rapidly and being harvested on a regular basis thereby meeting the goals of carbon capture and creating lipids to be converted into bio-fuel.
About the Bio-Fuels Division
ALG Western Oil (Pty) Ltd, a subsidiary of Odyssey, is currently operating in a joint venture with Xstrata Alloys, a subsidiary of Xstrata Plc (LSE:XTA.L), the world's largest producer of ferrochrome in a project at one of Xstrata's ferrochrome smelters near Rustenburg in South Africa to capture and sequestrate the carbon dioxide emissions thereby creating carbon credits.
Currently all the carbon monoxide from the ferrochrome smelters is flared to carbon dioxide and released into the atmosphere.
The current phase is the growing of a selected algae strain in photo bio-reactors, utilizing the carbon dioxide (CO2) flue gas coming from the exhausts of the generators, (with the aid of sunlight and some nutrients, through the process of photosynthesis) to sequestrate the environmentally harmful CO2 emissions and produce high value compounds like vegetable oil which can be used directly as a bio fuel instead of diesel and or jet fuel, carbohydrates and protein to be used in the animal feed industry and the release of oxygen back into the atmosphere.
ALG Western Oil has a pilot plant at Xstrata's Boschoek Smelter. The next phase will be the rolling out on a commercial scale.
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