Cost of Algae Fuel – $2 per gallon
Biofuel Digest reports that two producers have been able to reduce the cost of production of cellulosic ethanol and algal biodiesel below USD 2.00 per gallon, or 50 cents per litre.
In Washington, the special assistant for energy at the Defence Advanced Research Projects Agency (DARPA), which has been conducting two algal fuel projects, said that “Darpa has achieved the base goal to date. Oil from algae is projected at $2 per gallon, headed towards $1 per gallon.”
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