Biocentric Energy Holdings, Inc. (BEHL)

[drluck]

BioCentric Energy to produce algae oil in China
BioCentric Energy Algae LLC, a subsidiary of California-based BioCentric Energy Inc., is developing an algae oil project in the Guangdong Providence of China.

According to Dennis Fisher, president and chief executive officer of BioCentric Energy, the Chinese government has granted the company 50 hectares (110 acres) of land adjacent to an industrial site in Wahan, China.

The industrial site emits 40,000 metric tons of carbon dioxide annually through its smokestack. BioCentric Energy will capture the carbon dioxide and feed it to an algae solution contained within 6.5 miles of 25 inch pipe. The piping system will be constructed in pod formation, with each pod containing 480 feet of pipe. Fisher anticipates BioCentric Energy will have 40 pods producing oil by June 2009. Once complete, the facility is expected to generate approximately 80 tons of algae biomass per day.