AFS BioOil announced that initial tests conducted by the company since startup of the system confirm that production costs of biodiesel will be in the range of $2 per gallon when produced in a commercial system of 1 millon gallons/yr and greater.
AFS BioOil was formed in 2010 as a spin out of Algae Floating Systems, Inc. The company is focused to use AFS technologies to produce traditional biodiesel via the transesterification of algae oil. The strategic goal of the company is to become a major algae biodiesel supplier.