New appointment follows breakthroughs with biofuels technology: Researchers have developed proprietary system to continuously extract bio-oil from algae, and novel protocols to enhance growth of hydrocarbon accumulating microalgae.
VANCOUVER--(BUSINESS WIRE)--International Energy, Inc. (OTCBB:IENI), a developer of leading-edge technologies for the renewable generation of photosynthetic biofuels, today announced the appointment of Rakesh Shankar, PhD -- a noted environmental author, energy sector expert, negotiator and diplomat -- to the Company’s Scientific Advisory Board.
A respected lecturer, published environmental author, former University professor and researcher, Dr. Shankar holds a Bachelor’s degree in Science (physics, chemistry and mathematics), a Masters degree in Philosophy, and a PhD in Environmental Legislation & Policy Formulation.
Dr. Rakesh Shankar’s career experience spans over 20-plus years of service as a diplomat in the Middle East, Europe, Africa, and Canada, including appointment as India’s Ambassador to the Kingdom of Saudi Arabia. Dr. Shankar subsequently served as Chief Negotiator for the Government of the Northwest Territories in Canada, and worked with the “Sustainable Development Research Initiative” at the University of British Columbia, pioneering world-class sustainability research to reconcile economic, ecological, and social imperatives.
“With growing global awareness of the environmental impact of conventional fuels and the rising cost of oil, alternative energy sources and algal biofuels in particular, are promising and much-needed technology solutions,” commented Dr. Shankar. “It is my privilege to work with the Company to help advance its algal biofuel initiatives and build on International Energy’s early success in the lab.”
In recent research news the Company announced major technological advances in nutrient delivery and bio-oil extraction processes. International Energy’s proprietary nutrient delivery protocol alleviates specific nutrient absorption limitations in microalgae, thereby enhancing growth and hydrocarbon production.
Researchers have also developed a novel, continuous bio-oil extraction process that is safe for the Company’s proprietary microalgae. Microalgae processed utilizing International Energy’s bio-oil extraction process remain viable hydrocarbon producers, reducing expected maintenance costs while maximizing yield per acre.
“These are very exciting research achievements for us, and I welcome Dr. Shankar’s support as we move towards commercial development of our algae-to-oil technology,” stated Mr. Derek Cooper, President and Chief Executive Officer of International Energy, Inc. “He has an established history of worldwide experience with high level negotiations, and expertise with alternative energy and environmental issues, alongside a solid grasp of conventional oil and energy. Dr. Shankar is a great asset to our team.”
Among his many appointments, Dr. Shankar has acted as India’s Ambassador to Zambia and Hungary, and served as Director of Multilateral Economic Relations at the Ministry of External Affairs. In his position as Director, Dr. Shankar oversaw matters related to the World Trade Organization, education, science and technology, environment, and trade with numerous countries.
ABOUT INTERNATIONAL ENERGY INC.
International Energy, Inc. (Symbol:IENI) is developing leading edge technologies for the production of biofuels derived directly from the photosynthesis of green microalgae, which can accumulate up to 30% of their biomass in the form of valuable biofuels.
As a result of current high oil prices, depleting fossil oil reserves and growing concerns about increased levels of atmospheric carbon dioxide, algae have emerged as one of the most promising sources for biofuel production.
Our technology seeks to convert water (H2O) and carbon dioxide (CO2) into useful long-chain liquid hydrocarbons from the photosynthesis of proprietary unicellular microalgae, which offer advantages in the production, storage and utilization of renewable biofuels, as they can be harvested easily, stored in liquid form and do not require special containment systems.
The process of industrial scale algae growth in photo-bioreactors is non-toxic and non-polluting, can be scaled-up, offers a renewable energy supply, and aids in carbon sequestration and the mitigation of climate change.
In contrast to biofuels from food crops or cellulosic materials, certain algae produce and accumulate oil naturally and can in the process clean up waste by absorbing and utilizing nitrogen oxides and carbon dioxide. Additionally, raw algae can be processed to make biofuel, the renewable equivalent of petroleum, and refined to make gasoline, diesel, jet fuel, and chemical feedstock for plastics and drugs.
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