A couple weeks ago I wrote an article about B5 blend biodiesel now being produced by Aquaflow Bionomic Corporation Ltd. in New Zealand. At that time I promised to provide their prospectus when it became available. I've received an email from them indicating that the prospectus is now available. If you would like to view their prospectus, either as a PDF file or as hard copy, contact Aquaflow by using this link: Aquaflow Bionomic Corp.

This is not intended as an endorsement of Aquaflow or B5 biodiesel. I'm simply providing this information as a direction for readers to investigate if they are believers in the advancement of alternate fuels. For right now, information from Aquaflow is actually rather scant, but they are working directly with the government of New Zealand, and you may wish to contact either or both of them. This situation involves overseas investment in brand new technology -- please do be careful.

B5 biodiesel consists of 5% fuel processed from algae that flourishes in sewage settling ponds, blended with 95% currently available fuels. This could translate as an unending fuel source that will be perpetually obtainable. It's a solid investment idea as long as people keep eating and ... well, you know. Possible downsides to putting dollars into backing this fuel include the newness of the technology use and its limited scale. This is an investment idea that should be researched extensively before jumping into. Technology in its infancy can be a tough game to play, but the rewards can be phenomenal.

There's no word yet on how this small development might touch Exxon (NYSE: XOM), Chevron (NYSE: CVX) or Conoco (NYSE: COP), but a little upstart in New Zealand called Aquaflow Bionomic Corporation has successfully test driven a vehicle fueled with a biodiesel blend called B5. The new fuel technology exploits biodiesel, which is readily created from harvested algae grown in nutrient rich sewage settling ponds. The best part is that the algae used is created in huge volumes by a process that is already in wide spread use.

In an article reported on the Green Progress website, Aquaflow states that they are years ahead of original estimates regarding when this technology could become available. They say that the next step is to attain the capacity to produce one million litres of this algae based biodiesel per year.

So far the company has attracted some moderate attention from private investors. They had announced that their prospectus would be available by Christmas time but I've not seen one yet. My request for one has been sent. When I receive it I'll be sure to let you know.