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National Algae Association’s Global Initiative to Commercialize Algae for Biofuels

November 7th, 2008 | No Comments | Posted in Algae-Energy-Companies, Algae-Energy-Investments

You are at: Oilgae Blog.

Press release

Thursday November 6

THE WOODLANDS, Texas – The National Algae Association announces the formation of regional chapters in the UK, California and Kentucky to help to advance the fast-track commercialization of the algae biofuels industry world-wide and to strengthen global support for the NAA’s mission and purpose. Many leading experts on algae, including Sapphire, Solazyme, Valcent, university researchers, plant physiologists and leading algae companies believe algae will be commercialized in the next few years.

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“We are witnessing accelerated progress in the path towards the commercialization of algae in the next couple of years and this view is tremendously exciting,” said Barry Cohen, NAA Executive Director. Biofuels consulting firm Emerging Markets Online notes “algae is now emerging as a bourgeoning industry for biofuels as seen by several investments and confirmed with over $300 million in investments and projects so far in 2008,” said consultant Will Thurmond, author of the forthcoming study Algae 2020 and Chairman of R&D for the National Algae Association.

“These investments and projects include a $100 million investment by Bill Gates and the Rockefeller Foundation in Sapphire energy; more than $45 million invested in Solazyme in ’08 by Chevron and private investors; GreenFuels landing a $92 million contract to produce algae biomass in Spain; Petrosun’s $40 million contract to produce algae in China; the US Department of Energy investing $2.3 in algae projects in 2008; and the UK’s Carbon Trust just announcing $40 million in grants for leading algae companies. Our research and development efforts clearly illustrate advancement in the algae industry with investments, projects and initiatives and participation from investment majors such as Gates, The Rockefellers, DOE, BP and Chevron,” notes Thurmond.

The NAA’s California Chapter, headed up by Amy Montoya, will hold its inaugural event on December 2, 2008 at California State University-Fullerton Campus.

The NAA’s Mid-South Chapter, headed by Tamra Fakhoorian, will hold its inaugural event on December 5, 2008 at Scarritt Bennett Center in Nashville, Tennessee.

The NAA’s UK Chapter, headed up by Eric Pierce, will hold its inaugural event on December 8, 2008 at Silsoe Conference Centre, Cranfield University, Barton Rd, Silsoe, Bedford, MK45 4DT England.

The National Algae Association will hold its next Algae Commercialization Research, Networking and Business Plan Forum in January. Existing algae oil production companies, algae researchers and algaeprenuers will present leading-edge technologies for the commercialization of Algae on January 29-30, 2009 in Houston, Texas.

The NAA brings companies and researchers together from all over the world to share ideas and exchange information to overcome technological hurdles and fast-track commercialization of the fast-growing algae oil industry.

For more information about the National Algae Association, including information about the upcoming conferences and about membership, please visit our website at www.nationalalgaeassociation.com.

Contact:

National Algae Association
B. Cohen, 936-321-1125
info@nationalalgaeassociation.com

Source: National Algae Association

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