Algenol is a global, industrial biotechnology company that is commercializing its patented algae technology platform for production of ethanol and green chemicals. Our patented DIRECT TO ETHANOL® technology enables the production of ethanol for less than $1.00 per gallon using sunlight, carbon dioxide and saltwater and targets commercial production of 6,000 gallons of ethanol per acre per year. The low production costs and high yields are achievable because DIRECT TO ETHANOL® does not involve killing or harvesting algae, and relies on our patented photobioreactors and proprietary downstream techniques for the low-cost recovery and purification of ethanol. These novel, low-cost techniques have the added benefits of consuming carbon dioxide from industrial sources, not using farmland or food crops and being able to provide freshwater.