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Investments Skyrocketing for Algae Oil Companies and Research

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There are many companies that are joining the race to find a cost-effective, environmentally friendly way to turn algae into the fuel needed to power cars, trucks, airplanes and boats.

The amount of money being invested in algae-to-fuel research by venture capitalists is skyrocketing. New businesses are snapping up graduate students knowledgeable about the aquatic plants before they’ve even finished their degrees, and they’re hustling to form alliances with algae academics who for years toiled without much notice.

“Industry is coming to us,” said Shulin Chen, a Washington State University biological engineering professor working on algae power.

“This is an exciting time,” said Rose Ann Cattolico, a University of Washington algae expert.

“A lot of the innovation is happening on the West Coast (of the US),” said Darrin Morgan, The Boeing Co.’s director of business analysis/environmental strategy.

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