Algal technology company Aquaflow Bionomic Corporation announced today that it had signed a Memorandum of Understanding with Impulse Devices, Inc (IDI) of California.

IDI, which was founded in 1999, has become the world leader in high-pressure cavitation performance as well as being at the forefront of developing the technological capacity required for acoustic inertial confinement fusion (Acoustic ICF).

Marlborough-based bio-energy company Aquaflow Bionomic Corporation is dipping its toes further into international markets in a US-government funded demonstration project.

The United States Department of Energy has awarded $US1.5 million to technology and manufacturing company Honeywell (NYSE:HON) subsidiary UOP, for a demonstration biofuel project in Virginia.

The US refining company working with local biofuel firm Aquaflow says its refining technology has been proven to work but more understanding of algae production is needed before the technology can be commercially used.

UOP, a division of US conglomerate Honeywell, says it has developed methods of converting so-called “second generation” biofuel feedstocks, such as algae, into transport fuels compatible with today’s vehicles.

Algae biofuel company Aquaflow Bionomic has joined forces with a division of US conglomerate Honeywell to work on converting algae into fuel products.

Processes developed by Honeywell refining company UOP will be used to convert algae into fuel products that meet international standards.

Aquaflow has already succeeded in producing its first batch of green crude oil.

Algae biofuel researcher Aquaflow Bionomic has produced its first samples of what it’s calling “green-crude” – crude oil from which it can separate out diesel and other fuels.

Aquaflow chairman Barrie Leay said the green-crude showed similar or greater potential than mineral-based petroleum products.