FORT MYERS — GCM Contracting Solutions Inc. began construction on a new “biorefinery” for Algenol Biofuels last week.
Algenol Biofuels is a 5-year old company that hopes to generate competitively priced ethanol from algae. The firm has not yet generated any revenues.
GCM is building the biorefinery on a 36-acre parcel located north of Alico Road in Lee County. Completion is scheduled for late 2012.
GCM Contracting has worked with Algenol before; in 2010, the firm built a research and development complex for the alternative fuel producer. Like Algenol, GCM is based in Fort Myers; company President and owner Robert Brown founded the firm in 1988.
Algenol founder and CEO Paul Woods spoke to the Business Review in September about his company’s plan for success. That story, “Algae Bloom,” is available online.