Algae.Tec Can Provide Algae Biofuel at $40 a Barrel?
Pilot Plant Studies have shown that Algae.Tec could produce energy-rich materials from algae at the equivalent of less than $40 a barrel, a steep drop from current crude oil prices of more than $100 a barrel and comparable to the cheapest price we’ve seen for crude, which bottomed out at $35 a barrel in 2009. In other words, it promises to be cost-competitive with petroleum even at the lowest prices.
http://venturebeat.com/2011/03/17/algae-biofuels-for-less-than-40-a-barrel/
Leave a Reply
| | posted by srividhya
