For anyone who is not familiar with Algae Biofuels, I have provide some additional information below.
The U.S. consumes 20.7 million barrels per day and imports 12.4 million barrels per day. This means our dependence on petroleum imports is 60%.
Initially we saw crop-based biofuels as an avenue to provide us the relief we need from the rising fuel prices and our dependence on petroleum imports. What we have realized though is rising food prices affected crop-based biofuels and the use of our crops for biofuels has significantly inflated our cost for feedstocks like corn and soy oil. Furthermore, the production of crop-based biofuels is truly a drop in the bucket when you consider our demand for petroleum imports.
Significant production of Algae Biofuels could be a resolution to our problems. There are several other advantages to Algae growth such as:
1. Algae has a much higher productivity potential than crop-based
2. Carbon dioxide is the primary input required by algae to grow.
3. No one country has a monopoly on algae production or production
4. Algae can grow in temperatures from below freezing up to 158 deg F
5. Algae is not in direct competition with any food crops
6. Algae has a multitude of value-added byproducts like syngas, high-
protein animal feeds, fertilizers, biopolymers (plastic), glycerin,
ethanol and jet fuel.
The chart below shows various feedstocks and their potential oil yield per acre. (note: g/m2/day is the harvest rate of the algae and % TAG is the percentage of triglycerides)
Below is a list of some companies involved in algae growth harvesting and/or algae biofuel production:
1. Biocentric Energy Hldgs Inc Com (OTC: BEHL)
2. Carbonics Capital Corporation (OTCBB: CICS)
3. GreenShift Corporation (OTCBB: GERS)
4. Green Star Products (Pink Sheets: GSPI)
5. Nanoforce Inc. (Pink Sheets: NNFC)
6. OriginOil, Inc. (OTCBB: OOIL)
7. PetroSun Inc. (Pink Sheets: PSUD)
8. Valcent Products Inc. (OTCBB: VCTZF)