The past few years have brought the development of a dynamic
community of startups and as well as a staggering rise in
private and public investment. Experts inside and outside the
algae industry believe large-scale, truly commercial production
of algae-based biofuels is just over the horizon. The pilot and
demonstration projects being built today in the US will be the
gateway to commercial production of four biofuels: biodiesel,
biojet fuel, ethanol, and green gasoline. Industry analysts
believe that the next decade will be particularly important. -
Greentech Media Research has predicted that algae biofuels could
be produced at a rate of 6 billion gallons a year by 2022. -
Some industry executives expect large algae production
facilities will be operating in the US within the next 10 years.
- In 2009, nearly 90 percent of ABO members believed algae could
replace current ethanol production in 20 years. - ABO members
are now planning large-scale production projects which, at full
scale, will be able to produce