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I co-ordinate Oilgae.com ( http://www.oilgae.com ), a site that explores use of algae as a feedstock for biodiesel, and I can say with some amount of confidence based on my researches that algae appear to be one of the most qualified candidates for biodiesel production.
While the math certainly appears to favor algae, there are a number of issues to be overcome. These have to do with (1) choosing optimal algal strains, (2) issues faced in cultivation and harvesting (believe me there are some serious bottlenecks here), and (3) cost-effective methods to extract oil and transform it into biodiesel.
So yes, there is still a long way to go before it can be proven with certainty that algal biodiesel can be cost-effective on a large scale, but it is gratifying to see brilliant minds (not to forget VC money) getting into this field. And with institutes like MIT (Boston) getting into the act, I'm optimistic most of the above-mentioned issues will be overcome.
Time will tell if algae are our future source of energy, but for now, they certainly appear to have many of the qualifications required for the same.
Time will tell if algae are our future source of energy, but for now, they certainly appear to have many of the qualifications required for the same.
Narsi from Oilgae - Oil from Algae @ http://www.oilgae.com
National Algae Association
4747 Research Forest Dr., Suite 180
The Woodlands, Texas 77381
National Algae Association, The Woodlands, Texas
(February 11, 2008)
National Algae Association
Algae: The Next Biofuel
Business Plan and Networking Forum
April 10, 2008
Early stage algae production companies will showcase their companies at the National Algae Association business plan and networking forum on April 10th. The most promising algae oil production companies will present their new ventures in front of an audience of algae researchers, biodiesel/biofuel companies interested in learning about algae commercialization as well as potential investors and lenders. Deadline for all business plans must be submitted by March 28, 2008. Business plans will be reviewed by the executive committee. Only 6 business plans will be picked to present at the National Algae Association quarterly business plan and networking forum.
When: April 10, 2008
Time: 8:00am – 5:00pm
Where: Training and Development Conference Center
5000 Research Forest Dr., 1st floor
The Woodlands, Texas 77381
Cost: $50 admission per person
Make Check Payable to:
National Algae Association
4747 Research Forest Dr., Suite 180
The Woodlands, Texas 77381
Agenda
8:00 am Registration
9:00 am Opening Remarks
9:15 – 11:30 am Company Business Plan Presentations
11:30 – Noon Feedback Panel
12:15 pm Lunch & Service Provider Showcase
1:00 – 3:00 pm Company Business Plan Presentations
3:00 – 3:30 pm Feedback Panel
5:00 – 6:30 pm Networking and Reception
Membership:
$500 annual dues
Sponsors can attend the Business Plan Forum at no cost.
More Information:
info@nationalalgaeassociation.com or info@biofuelcapital.com
www.nationalalgaeassociation.com
To support the National Algae Association and become a member, please contact: 936.321.1125