Posted by admin on May 31st, 2008 1 Comment
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The algae is really forming. A trade body specifically created to “help accelerate the development and commercial application of algae biomass” has been launched by a group corporations including Boeing.
The Algal Biomass Organisation was officially announced on 29th May.
“Given the social, economic, and environmental possibilities for algae, and the growing number of companies, technologies and products being developed to address them, it is becoming increasingly important to harness their potential for use across multiple industries now,” said Billy Glover, managing director, Environmental Strategy, Boeing Commercial Airplanes, and ABO steering committee co-chair.
“Boeing recognizes that algae biomass holds tremendous potential for use as jet fuel, and it fits into our plan to guide aviation toward commercially viable and sustainable fuel sources – fuels with substantially smaller greenhouse gas footprints that do not compete with food or require unacceptable quantities of land and fresh water resources,” he continued.
The association is opening membership to any parties interested in this evolving area of research, development and potential commercialization.
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Algae: The New Oil
Collaboration is the motivating force of the National Algae Association of The Woodlands, Texas. Algae oil production companies, researchers and the investment community are coming together to find solutions for the oil crisis. Leading-edge technologies are discussed in the commercialization of algae oil and biomass. Interest in algae-to-biofuel is coming in from all over the United States and the world.
We need to bring “energy security” back to the US and reduce our dependency on foreign oil immediately. Current high oil prices, the collapse of food-for-fuel initiatives and concerns about increased levels of CO2 emissions in the atmosphere have all created awareness of the need for alternative fuel solutions. Collaboration, commercialization and acceleration are key to the fast growing secondary algae-to-biofuel industry.
Algae has emerged as one of the lowest cost feedstocks for the biofuels and cellulosic industries. It is considered to be a promising source of renewable oil which can be processed and refined into a variety of transportation fuels. Recent breakthroughs in raceway pond development and closed end loop systems put algae oil production companies on the leading-edge of the renewable oil industry.
Algae can be refined to make biofuel, jet fuel, bio-gasoline and cellulosic materials such as pharmaceuticals, cosmetics, bioplastics and green packaging.
For additional information contact:
www.nationalalgaeassociation.com
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