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Algae Investment -Texas and New Mexico are making direct investments

January 7th, 2009 | No Comments | Posted in Algae-Energy-Investments

You are at: Oilgae Blog.

The story by Mr. DAVID WASHBURN on “Trying to Turn San Diego into the Green Houston” investigates the possibility of San Diego becoming the “green Houston” because of all the research and development into algae as a biofuel.

He says, The story went on to talk about how states are showing a willingness to take the lead in developing and supporting green industry rather than waiting around for the feds to show them the way, and cites California as an example. However, some of the folks I spoke with say they are worried that California and San Diego aren’t doing enough to hold on to the algae industry being developed here.

For example, San Diego-based General Atomics is spending tens of millions of dollars (much of it coming from the U.S. Defense Department) on developing algae-based fuels, but its test facility is in Texas because the state government there provided matching funds to get the facility built.

“California is behind right now,” said David Hazlebeck, the biofuels program manager for General Atomics. “Texas and New Mexico are making direct investments.”

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