In industrial biotechnology this week the Wall Street Cheat Sheet says algae is the next great thing.
“Algae could be the most promising candidate yet for the future of the biofuels industry.
Although algae-based fuels won’t be commercially available for several years, algae offers several advantages over other first-generation renewable fuels, such as corn and soybeans. For example, algae grows faster, requires less resources, can be used as jet fuel, can use existing distribution systems, and absorbs carbon dioxide and other greenhouse gasses.”
The post closes with,
“All of this syncs up neatly with a White House concerned with climate change and looking to develop “green energy” technologies with long economic coattails.
While it may be too early to call algae the clear winner in the biofuels race, at least for now, the future of algae-based biofuels looks bright.”
“In Hawaii, at the BIO Pacific Rim Summit, Joule Biotechnologies announced that it has achieved direct microbial conversion of CO2 into hydrocarbons via engineered organisms, powered by solar energy.
Joule’s Helioculture process mixes sunlight and CO2 with highly engineered photo synthetic organisms, which are designed to secrete ethanol, diesel or other products.
However, unlike algae and other current biomass-derived fuels, the Helioculture process does not produce biomass, requires no agricultural feedstock and minimizes land and water use. It is also direct-to-product, so there is no lengthy extraction and/or refinement process.”
Sounds interesting, guess we’ll have to stay tuned.
Yesterday the DOE and the USDA announced,
“projects selected for more than $24 million in grants to research and develop technologies to produce biofuels, bioenergy and high-value biobased products. Of the $24.4 million announced today, DOE plans to invest up to $4.9 million with USDA contributing up to $19.5 million. Advanced biofuels produced through this funding are expected to reduce greenhouse gas emissions by at least 50 percent compared to fossil fuels.”
Filed under: algae, award, biofuel, Biofuel Technology, biopreferred, Climate Change, ethanol | Tagged: biofuels, biotechnology, California Air Resources Board, carbon debt, Climate Change, greenhouse gas, greenhouse gas emissions |