algenol Local Company First To Sell Algae-Based Fuel In Florida By Jessica Meszaros • Sep 17, 2015 Courtesy / Algenol Listen Listening... / 1:17 Hear the audio version of this story. A Fort Myers company is putting its environmentally-friendly fuel on the market for Floridians. Algenol Biofuels is first to patent ethanol made from algae. It’s been developing this product for nine years. Algenol Biofuels Taking Expansion Plans Out of State By John Davis • Jun 19, 2013 John Davis / WGCU-FM Listen Listening... / Citing an uncertain regulatory environment, the Fort Myers-based company Algenol Biofuels is no longer looking to expand in Florida, taking thousands of potential future jobs to another state.