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Home » Algae/Other Aquatic Organisms, BioChemicals, BioRefineries, Business News/Analysis, International, Opinions, R & D Focus

Algae Industry Growth and Future Directions

Submitted by on October 14, 2010 – 7:49 amNo Comment

by Mark Edwards  (Algae Industry Magazine)  …The 2010 Algae World Europe Industry Survey was conducted in association with the Centre for Management Technology and 2nd Algae World Europe 2010 Conference in Brussels. The 2010 Algae World Survey follows the 2009 Algae World Survey with 139 respondents, conducted in association with the 2nd Algae World Singapore Conference. The Centre for Management Technology makes both surveys reports available at no charge. A more extensive write-up of the 2009 Algae World Survey is available as the lead chapter in Algal Biotechnology: New Vistas, by Professor Mihir Kumar Da, G.M. College, Orissa, India, Delhi: Daya Publishing, 2010. 

…“How soon will algal fuels be ready?” Nearly 1/3 of respondents believe their country could displace imported transportation fuels in 10 years with a focus on algal biofuel production. About 36% believe their country could become independent of oil imports in 20 years, and 20% estimated it would take 30 years. Clearly the strong consensus focused on not whether algal biofuels will be available but how soon. READ MORE

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