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Venture capitalists explore replacing crude oil with algae

March 25th, 2007 | No Comments | Posted in Algae-Energy-Investments

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Do you know that oil derived from algae is an exciting renewable fuel possibility? – see Oilgae for more.

Venture capitalists explore replacing crude oil with algae

By Clifford Krauss @ IHBT, March 6, 2007

Excerpts:

1. The idea of replacing crude oil with algae may seem odd, but not for people like Lissa Morgenthaler-Jones and her husband, David Jones, who are betting their careers and personal fortunes on the prospect of producing biofuel from algae.

2. It will require investment, luck and tweaking of biotechnology to succeed.

3. One goal is to find an energy-efficient way to convert algae into fuel. Farmed catfish could provide a useful source of carbon dioxide for the algae as well as a critical revenue flow to keep research going.

4. Venture capital firms and hedge funds are financing the construction of plants to produce biodiesel fuel out of vegetable oil, wind turbines and solar cells.

5. The road to algae has been a long one for the couple, and this project is a culmination of more than two years of reading and research.

6. After researching many other forms of alternative energy such as wind, hydrogen fuel cells, wave energy etc., they have decided to put their bets on algae

Read the full article from this report @ IHT

Nature gave us oil from algae; perhaps we should try Nature’s way again

Oilgae – Oil & Biodiesel from Algae
Oilgae Blog; The complete list of Oilgae Blog articles.
algOS – Biodiesel from Algae Open Source

About Oilgae – Oilgae – Oil & Biodiesel from Algae has a focus on biodiesel production from algae while also discussing alternative energy in general. Algae present an exciting possibility as a feedstock for biodiesel, and when you realise that oil was originally formed from algae – among other related plants – you think “Hey! Why not oil again from algae!”

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