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Financial boost for pioneering biofuel projects

|15 July 2016|

USA

America is investing in advanced biofuel technologies in a bid to accelerate the switch to affordable fossil-fuel replacements.

The country’s Energy Department is backing three pioneering projects that are designed to slash the costs of algae-based biofuels and bioproducts. This funding will boost the research and the pace of commercialisation of renewable, domestically produced biofuels.

One of the projects, led by San Diego’s Global Algae Innovations aims to ‘accelerate the commercialisation of algal biofuels’.

The company’s website staes: “Our innovations significantly lower energy consumption, increase production efficiency, and are a fraction of the cost of conventional algae production technologies.”

 

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Iain Robertson
Written By

Iain is an experienced writer, journalist and lecturer, who held editorships with a number of business focussed publications before co-founding and becoming editor of Innovators Magazine. Iain is also the strategic director for OnePoint5Media.

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