Archive for February 26th, 2013
While biofuel made from algae shows strong promise over fuel made from food crops – it can be cultivated on wasteland and produce more energy per square foot than any other crop – it has seen a number of roadblocks along the way. For this reason, many of the companies that have pursued it have failed. The players that have continued R&D on algae biofuel have struggled, and some have had to stay financially afloat by producing and selling into smaller, niche algae markets such as skincare products. Experts call this period from early research and development to commercial success “The Valley of Death,” and so it has proved to be for many companies. Algae-based biofuel will need to be produced on a huge scale to lower costs enough to enable it to compete with petroleum.
The two most common targets for advancement of algae biofuel are the growth media (open pond vs. closed bioreactor) and methods to remove the intracellular components of the algae. There are several organizations that have continued to press on. Read the rest of this entry »