BioFuels Journal

The Energy Department today announced six projects that will receive up to $18 million in funding to reduce the modeled price of algae- based biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019.

This funding supports the development of a bioeconomy that can help create green jobs, spur innovation, improve the environment, and achieve national energy security.

Algal biomass can be converted to advanced biofuels that offer promising alternatives to petroleum-based diesel and jet fuels.

Additionally, algae can be used to make a range of other valuable bioproducts, such as industrial chemicals, bio-based polymers, and proteins.

However, barriers related to algae cultivation, harvesting, and conversion to fuels and products need to be overcome to achieve the Department’s target of $3 per gge for advanced algal biofuels by 2030.

To accomplish this goal, the Department is investing in applied research and development technologies that can achieve higher yields of targeted bioproducts and biofuels from algae—increasing the overall value for algae biomass.

See Related Websites/Articles:

• Department of Energy

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