Alternative Profits Blog
Algae Fuels - Opportunities, Trends and Challenges
DefinitionAlgae fuel refers to an alternative fuel derived from algae, the simplest and most abundant form of plant life.
Market Need
Need for biofuel feedstock that does not affect the food chain, and gives high oil yields
Trends
• Globally, over 70 companies have made significant investments in the algae fuel industry
• ExxonMobil, the world's largest publicly traded international oil and gas company, has invested $600 million in an algae biofuel project.
• Companies like Sapphire Energy, Origin Oil have made significant investments in algae fuel.
posted by Ecacofonix at
8:44 AM
Monday, September 7, 2009
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