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Algae Could Grow Into A Biofuels Leader

April 17th, 2010 | No Comments | Posted in Algae-Energy-Companies

A report from cleantech research firm Greener Dawn on the sector says most algael biofuels firms working on products now expect to get 4,000 to 6,000 gallons of fuel per acre.

Joule’s Sims says his firm joule Biotechnologies is targeting annual output of 15,000 gallons per acre. “This is several orders of magnitude larger than anything being used today for either ethanol or biodiesel,” says George Santana of Greener Dawn.

“Our research leads us to believe that algae has the potential to revolutionize the field of biofuels,” says Greener Dawn’s Santana. “Unlike previous promises from the corn, sugar cane and soybean lobbies, algae have the potential to make a significant impact [on] countries’ dependence on foreign oil imports.”

Source: CNBC

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