Biodiesel/Algae Scientist Positions for Ph.D’s
Thursday, May 7th, 2009Through Wingate Dunross Associates, Inc., a start-up producing biodiesel from algae in Brownville, Tx, is hiring Ph.D Senior Scientists for Extraction and Nutrient Systems.
What is the market opportunity? 65 billion gallons of diesel/heating oil per year (US). Un-profitable use of oilseed crops as feedstock limited biodiesel production to just 0.45 billion gallons in 2007. U.S. government mandate for 9 B gallons of renewable fuel in 2008, growing to 36B gallons by 2022. Expanded International opportunity via licensing and/or direct sales. Approximately 20 algae-fuels startups are currently funded, displaying lab-level solutions. Competitor success viewed advantageously in this early stage of the industry.
How will revenues be generated? Customers are biorefiners/blenders, each requesting production of 100M gallons/year. We are working with a partner today, with signed LOI. Our current plan capacity is for 76M gallons in year 8, generating $291M in sales. We anticipate buy-out offers at pilot plant demonstration, with a projected sales price of $98M ($285M valuation). This projection and plan is internal growth based, not including of the much larger national and international market opportunity.
Job Descriptions: