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Bio Fuel Systems is a wholly Spanish owned firm that has developed a method of breeding plankton and turning the marine plants into oil, providing a potentially inexhaustible source of clean fuel. It was formed in 2006 in eastern Spain after three years of research by scientists and engineers connected with the University of Alicante.

The process it has developed converts energy, based on three elements: solar energy, photosynthesis and an electromagnetic field. Its new fuel is said to reduce CO2, is free of other contaminants like sulphur dioxide and would be cheaper than standard fossil fuel that is available now. Their system of bioconversion is about 400 times more productive than any other plant-based system producing oil or ethanol.