A report from the Energy Biosciences Institute in Berkeley projects that, while algal oil production technology has the potential to produce several billion gallons of renewable fuel annually, development of cost-competitive algae biofuel production will require much more long- term research, development and demonstration. In the meantime, several non-fuel applications of algae could serve to advance the nascent industry. The replort says that the industry is still in its early gestation stage. Although well over 100 companies are now working to produce algal biomass and oil for transportation fuels, most are small and none has yet operated a pilot plant … Continue Reading →