July 27, 2010

Algae development going strong

This is going to be one very busy week so I'll posts as much as I can. This one is an update on algae-based biofuels.

The blog posted last week about ExxonMobil's milestone on their algae research with Synthetic Genomics. While some doubts continue on the economics of algae as biofuel feedstock (Vinod Khosla for example), the US Department of Energy (DOE) is eager to explore this field and recently announced their additional $24m grant for algal biofuels research.

During the BIO Industrial Biotech conference near Washington, DC, Assistant Secretary for Energy Efficiency and Renewable Energy Cathy Zoi announced the Department of Energy's (DOE) $24 million grant for 3 research groups - Sustainable Algal Biofuels Consortium, Consortium for Algal Biofuels Commercialization, Cellana, LLC Consortium - to tackle key hurdles in the commercialization of algae-based biofuels.

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