Biofuel Clean Energy Leads Way

PRLog (Press Release) - Jun 25, 2010 -
Wall Street insiders are finding the algae biofuel investment sector a top contender to what is now commonly referred to as a ‘third-generation’ biofuel clean energy. The reasoning could lie in the fact that previously, little information was provided on algae used as a biofuel feedstock. As research increases, so does the level of interest and investment, reports Sustainable Virtual Biz.

Several large energy companies like ExxonMobil's $600-million algae program, Boeing, Shell, ConocoPhillips, BP PLC and Chevron are investing in biofuels such as algae for cars, trains and alternative jet fuels. Learn More: http://www.sustainablevirtualbiz.com  

There are now three publicly traded "Algae Biofuel" companies. PetroSun and more recently OriginOil and PetroAlgae have also gone public. PetroAlgae is also the industry high flyer, and is doing some interesting work growing duckweed.

Further, when patented biotechnologies such as Dyadic International's enzyme C1 platform are introduced to the biofuel or biomass process, it rapidly becomes a much more cost competitive energy source versus fossil fuels.  

The U.S. DARPA has provided $35 million to San Diego-based companies SAIC and General Atomics to pursue the creation of algae-based jet fuel. Additionally, US Air Force is well on the way to implementing its plans of 50% of aircraft running on jet biofuel blends by 2011. Learn More: http://www.sustainablevirtualbiz.com

Photo:
http://www.prlog.org/10759834/1