Comprehensive Algae Fuels Report

A detailed report on all aspects of the algae fuel value chain, the Comprehensive Oilgae Report will be of immense help to those who are on the threshold of investing in algae biofuels. More »

Algae-based Wastewater Treatment

Compiled by a diverse team of experts, with experience in scientific and industrial fields, the Comprehensive Report for Wastewater Treatment Using Algae is the first report that provides in-depth analysis and insights on this important field. It uses innumerable data and information from a wide variety of expert sources and market studies, and distills these inputs and data into intelligence and a roadmap that you can use. More »

Comprehensive Guide for Algae-based Carbon Capture

A Comprehensive Guide for Entrepreneurs and Businesses Who Wish to get a Basic Understanding of the Business Opportunities and Industry Dynamics of the Algae-based CO2. More ››


Comprehensive Report on Attractive Algae Product Opportunities

The report provides an overview of the wide range of non-fuel applications of algae – both current and future prospects. It will provide entrepreneurs with an idea of how to derive more benefits from their algal energy ventures. The report provides detailed case studies, success stories and factoids of companies that have been involved in the algae products venture More »

Comprehensive Castor Oil Report

There is no other comprehensive report available for castor oil anywhere in the world. This is the first of its kind, and currently, the only one. More ››

Bioplastics Market & Strategy Advisor

Bioplastics Market & Strategy Advisor, published by the Bioplastics Guide, is a unique guiding framework for businesses and entrepreneurs to chart a way forward provides a critical analysis of the status, opportunities & trends of the global bioplastics sector. More ››

Algae-Useful Substances

Pigments

PUFAs

Vitamins

Anti-oxidants


Other Novel Applications

Talk to us

Email: consult@eai.in

(or)

Call Narsi 7358263274

займ на карту ночью


The Algae Fuel Prize of $10 million by Del Mar-based Prize Capital

You are at: Oilgae Blog.

The Algae Fuel Prize, offered by Del Mar-based Prize Capital, was announced at this week’s Algae Biomass Summit, a meeting in San Diego of experts in using algae for fuel, food, purifying water and other purposes.

The goal is to offer $10 million, said Lee Stein, Prize Capital’s founder.

Stein said the actual amount may change, because the rules and guidelines for the prize aren’t final. But the main goal is fixed, he said, which is to add a new source of fuel and not to compete with food crops, as with ethanol made from corn.

“We want to work with third-generation biofuels: Land that cannot be used for food,” Stein said. “That was our primary concern.”

Stein made the announcement at the close of Wednesday’s session of the Algae Biomass Summit, briefly taking the stage to show a video about the prize and explain its goals. A sponsor for the prize will be announced soon, he told the audience.

The Algae Fuel Prize’s rules specify that the winner must produce 3,000 net gallons of diesel fuel per acre at a cost of no more than $3 per gallon. The net quantity is obtained by subtracting the gallons of fuel used in producing the algae from the yield. Prize Capital will also work to arrange buyers for the fuel.

More information is available at www.prizecapital.net.

By the way, have you subscribed to the Oilgae Blog?; How about joining the Oilgae mailing list?; and our forum to discuss on with others?

Leave a Reply 3468 views, 1 so far today | | posted by

Leave a Reply

You must be logged in to post a comment.


Hot Algae Products (Click to know more)
Omega 3 Spirulina Astaxanthin Chlorella

Get in Touch

Send us a message to know more on how oilgae.com can help your organization.