Algae Biofuel Which Costs $424/Gallon !? 43
I remember having read this news in the club and also remember having read Wolfson's reply. ie Wolfson of Solazyme saying that it is R and D cost that is part of the $ 424 deal.That set the world record for fuel and is unlikely to be broken till the fossil fuels run out.We read that sometime ago.But look at the number of comments for this article in Dailytech !! Surprising ! Vocieferous ! http://www.dailytech.com/Navys New Experimental Ship Runs on Algae Biofuel Which Costs 424Gallon/article20018.htm
Fri October 29 2010 11:17:53 PM by Jacintha
US Navy | cost of biofuel | Mabus | oil from algae | algae biofuel
3749 views
If you want to drive a change in the wider energy mix, start with the navy. That was the case when Winston Churchill helped spur a boom in oil demand by switching the British navy from coal to oil. Now the US navy may be about to do the same with algae.
The Guardian reports today that the US navy has just carried out its first successful test on a boat powered 50 per cent by diesel and 50 per cent by algae.
According to the paper:
The tests, conducted on Friday, are part of a broader drive within the navy to run 50% of its fleet on a mix of renewable fuels and nuclear power by 2020. The navy currently meets about 16% of its energy and fuel needs from nuclear power, with the rest from conventional sources.
The navy plans to roll out its first green strike force, a group of about 10 ships, submarines and planes running on a mix of biofuels and nuclear power, in 2012, with deployment in the field scheduled for 2016.
If it can work technically, it makes economic sense. A $10 rise in the price of petrol costs the whole military an estimated $600m a year. And with the military?s own forceasts suggesting surplus oil production could disappear as early as 2012, it is not surprising that the navy has decided to act.
I wouldn?t hold your breath for this to be the first move in a global switch to biofuels. The military itself says: ?Biofuels are unlikely to contribute more than 1% of global energy requirements by the 2030s.?
But as for the navy?s potentially historic test? According to a navy spokesman:
It ran just fine.
http://blogs.ft.com/energy-source/2010/10/28/could-the-us-navy-drive-a-switch-to-algae-power/
interesting and good news with differing views. But Ithink we need to spend more money till such time commercialisation settles down.
1:Like to knowfollowing:
2: Any work is done in developing oil from waste paper using bio technology / Algae etc
3: What is current approx cost of production of the bio deisel in US and the cost if produced in India?
4: Is the process possible domestically in small vats within houses?.
@ Arjun Asrani
http://www.fresnobee.com/2010/10/27/2134149/military-govt-increase-investment.html
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