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Algal Biofuels: Technology & Market Developments
Innovation Observatory Ltd, March 2010, Pages: 45
Just published, this Innovation Observatory report examines the state of progress towards the production of biofuel from algae. Currently the subject of huge R&D efforts, the emerging algal oil industry is making rapid progress in addressing the technological challenges of algal strain selection, growing, harvesting and extracting oil in ways that bring down the cost to commercially viable levels. This report explains why there is so much interest in the sector, describing the benefits of algal biofuel and the challenges in producing it cost-effectively in volume, and details the efforts being made to overcome the challenges. It identifies, compares and profiles the most innovative algal biofuel technology companies. The report also presents a production volume timeline, based on an assessment of published plans and their credibility. It is essential reading for companies planning to make strategic decisions in the biofuels sector, investors and policy makers.
There are many potential benefits from the development of new ways of selecting, growing, harvesting and processing species of microalgae. One of these is the possibility of producing biofuels (biodiesel, ethanol and other liquid fuels) using relatively little land (compared with traditional biofuel feedstocks) and in a way that would reduce the emission of carbon: growing algae can make direct use of CO2 emitted from other processes as an input, holding out the possibility of carbon-negative production processes and carbon-neutral biofuels.
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