Eldorado Biofuels was founded by Paul Laur and Charles Bensinger in March 2008 with an investment from Myco Industries, Inc., a New Mexico oil & gas exploration and production company. The R&D phase focused our mission on treating produced water for beneficial use such as algae cultivation. We also helped to establish the Biofuels Training Program at Santa Fe Community College that Mr. Bensinger left Eldorado Biofuels to head up as Program Director. We are currently building a produced water treatment system to be deployed in early 2011 to demonstrate reliability and economics. Working with our partners in the National Alliance for Advanced Biofuels and Bioproducts we will also conduct research in algal cultivation using treated produced water.