This is an excerpt from EERE Network News, a weekly electronic newsletter.
The Energy Department on July 9 announced six projects that will receive up to $18 million in research and development funding to reduce the modeled price of algae-based biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019.
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 …read more
Read more here:: http://www.eere.energy.gov/news/news_detail.cfm/news_id=22015