In the context of climactic changes and soaring prices per barrel of petroleum, biofuels are now being presented as a renewable energy alternative. Greenfuel Technologies anticipates a profitable privatized business for bioreactors. LiveFuels is a national alliance of labs and scientists dedicated to transforming algae into biocrude by the year 2010.
Algae are a rich source of oil with some of the species accounting to 50% of its mass as oil. The company aims at production of cheap crude oil using this organism. The company believes that it is possible to produce 10,000 gallons of usable hydrocarbons for an acre-size pond a year by feeding special species of algae. The conversion may not be that easy but research work is going on to fulfill the task.
The company may be able to deliver this cheap alternative by 2010. May be in the coming future you may just have to fill your cars with pond scum and get going.
Via: CNet
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