$25 Million Algae Biofuel Blitz Planned By Energy Department
A new $25 million Energy Department funding blitz aims at bringing the cost of algae biofuel down to a $3.00 per gallon gasoline equivalent by 2030.
A new $25 million Energy Department funding blitz aims at bringing the cost of algae biofuel down to a $3.00 per gallon gasoline equivalent by 2030.
When we say hot sugar, we mean a new generation of low cost industrial sugars that could help pull the biofuel market out of dependence on conventional crop based sugars. That leaves the field clear for the algae biofuel sector, and that’s where things start to get interesting. A company … [continued]
A company called Proterro has come up with a super low-cost way to squeeze sucrose out of algae, and if its new pilot-scale facility shakes out successfully, don’t be surprised to hear the sound of garment rending and teeth gnashing from the algae biofuel doubters. That’s because a sucrose feedstock … [continued]