BioFuels Journal

Washington, DC — July 10, 2015 — The Algae Biomass Organization (ABO), the trade association for the algae industry, applauded the Department of Energy today for awarding six algae technology projects with awards totaling up to $18 million to advance the agency's goal to reduce the price of algae-based biofuels to $5 per gallon gasoline equivalent by 2019.

"We are grateful for the Department of Energy's ongoing effort to accelerate algae technologies that can become new sources of sustainable fuels and other products," said Matt Carr, Executive Director of the Algae Biomass Organization.

"The potential of algae technologies underscores the importance of the Department of Energy's support.

"All of these projects are developing systems that can use carbon dioxide as a feedstock for high value products, simultaneously reducing greenhouse gases while providing new jobs and revenue for a number of industries."

The DOE's funding will advance technologies in algae harvesting, cultivation and processing that can be used to produce fuels as well as other products that include feeds and biochemicals.

The selected projects include: Producing Algae and Co-Products for Energy (PACE), Colorado School of Mines, Golden, CO; Marine Algae Industrialization Consortium (MAGIC), Duke University, Durham, NC; Global Algae Innovations, Inc., El Cajon, CA; Arizona State University, Mesa, AZ; University of California, San Diego, San Diego, CA; Lawrence Livermore National Laboratory, Livermore, CA.

Products made from algae are the natural solution to the energy, food, economic, and climate challenges facing our world today.

Algae have the power to simultaneously put fuels in our vehicles, recycle CO2, provide nutrition for animals and people and create jobs for millions of Americans.

For more information, please contact Nate Kommers at 206-625-0075 ext. 2 or [email protected]

See Related Websites/Articles:

• Algae Biomass Organization

more ADVANCED BIOFUELS...