State of Ohio Governor John Kasich signed into law House Bill 276 defining the production of algae, Algaculture, as agriculture in the Ohio Revised Code. Sponsored by Representative Jim Buchy and former Representative, current Senator Lou Gentile, HB 276 received extraordinary bipartisan support and was passed unanimously in both the Ohio House and Senate.
“We applaud the commitment of Ohio’s leadership for their vision and support of the emerging algae industry for both business and agriculture. HB 276 provides the right regulatory framework to properly cultivate the growing algal industry, attract investment dollars into the state of Ohio, and provide regulatory clarity. Defining Algaculture as agriculture in the Ohio Revised Code places Ohio in a leadership position while making a powerful statement that Ohio is open for business and welcomes investment in this emerging industry,” said Ross Youngs, CEO and Founder of Algaeventure Systems.
Marysville-based Algaeventure Systems has worked diligently with Ohio’s leadership to help realize the benefits of our most productive plant, algae. The message of Ohio’s openness for technology development and leveraging of its agriculture and farming legacy provides a powerful message that Ohio is creating a favorable environment for business and job growth.
Algaeventure Systems (AVS) was founded in 2008 with the mission to develop technologies that unlock the potential of algae as a source of energy and products. This has led to innovative, low-energy technologies to increase algae’s sustainability and viability as a source of commodities. Algae have the extraordinary ability to produce valuable, renewable products while simultaneously removing harmful contaminants from water and air. Algae can provide an approach to waste remediation and nutrient recycling that is much less energy-intensive and costly than traditional methods. The massive productivity and diversity of algae is an emerging agricultural revolution in the making and will result in sustainable fuels, feeds, plastics, chemicals, advanced materials, dyes and pigments, health supplements, pharmaceuticals and other products. Ohio is well-positioned to be at the head of this up-and-coming industry, and with the leadership of HB 276, Ohio has raised the state’s profile and be a leader rather than follower.
Ohio has an established legacy with biotech research and technology development, a robust agricultural base, an established manufacturing infrastructure, a statewide educational and research network and a highly capable technical and skilled workforce. These resources uniquely position Ohio with an opportunity to create technology clusters leading to tremendous economic opportunity within the emerging algae industry. Researchers and technologists worldwide are investigating and exploring algae for recovering nutrients from agricultural wastes and turning them into products.
With the considerable support from Representative Hall, Chairman of the Agriculture and Natural Resources Committee and Senator Hite, Chairman of the Senate Agriculture, Environment & Natural Resources Committee, Representative Buchy, Senator Gentile and Governor Kasich, Ohio is positioned to innovate and continue its strong tradition of leadership in agriculture into the future, and give farmers another crop to grow and generate income for their families.