Algae Production Industry Moving Forward

March 21, 2011 - PRLog -- As oil prices continue to rise, the National Algae Association is continuing to push forward towards commercialization of algae.  NAA is pleased to announce that Riggs Eckelberry will be presenting on behalf of OriginOil, along with Bruce Kahn of Deutsche Bank, who will be presenting “Are we there yet? The investability of commercial-scale algae production.  Perspectives from Deutsche Bank Climate Change Advisors.”  They will be joining Frazier Barnes, Cornell University, VGA Systems, Glen Mills, Algae Bioenergy Solutions, BARD Holdings, Millipore, Beckerman, Goodwin Procter and Mustang Engineering in collaborative discussions about algae production, algae growing systems, harvesting and extraction equipment and financial modeling and commercial risk at the Algae Growing, Harvesting and Extraction Technologies conference on March 28, 2011, at the New York City offices of Goodwin Procter LLP.

“We cannot depend on the Department of Energy alone to reduce our dependence on foreign oil,” says National Algae Association Executive Director Barry Cohen.  “The DoE funding is, by Congressional mandate, required to be spent on university-based research, not commercial-scale production.   The directive is for ‘research, development, demonstration and deployment’.  The universities have done a commendable job on the research over the last 50 years but they are limited to the research side.  It is now time to focus on deployment  of commercial-scale algae farns in the US., which is NAA’s mission.  We need to scale-up commercial production to have enough oil and biomass available to test the technologies that we have developed.  It’s all about production now.”

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NAA's mission is to fast track commercialization of algae as an alternative fuel to reduce US dependency on foreign oil and to create jobs in the US by putting algae researchers, algae growers, farmers and producers, and equipment manufacturers together

Photo:
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