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Algae fuel price parity with fossil fuel in 7 years !!? 1

"We're hoping to be to be at parity with fossil fuel-based petroleum in the year 2017 or 2018, with the idea that we will be at several billions of gallons," Rosenthal told SolveClimate News in a phone interview.


I guess you remember that EBI study recently said that it will take another 10 years to make oil.


EBI also said that the current cost of algae fuel is between $ 140 to $ 900 per barrel.


The price range is very wide. Even that is being questioned. " who can provide 10,000 barrels of algae bio fuel at $ 140 now" some one asked.


There is consensus that algae needs nutrients that are made by fossil fuels and that algae is pretty good for environment remediation. 

So may be we are all going towards human waste to energy and bio remediation using algae, faster than algae biofuel.


The key challenge is to make " a contamination free, high oil yielding, quicker doubling strain by gene modification" 


Read more about it from 

http://solveclimatenews.com/news/20101122/algae-fuel-inches-toward-price-parity-oil

Tue November 23 2010 11:54:03 PM by Natalia algae fuel price  |  algae oil price  |  algae fuel price parity  |  rosenthal  |  algae to oil  |  algae biofuel price  |  algae biofuel  |  algae biofuel price parity 1992 views
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