The National Algae Association backs commercialisation of algae biofuels industry

7 November 2008

The National Algae Association has formed regional chapters in the UK, California and Kentucky to accelerate the commercialisation of the algae biofuels industry and strengthen support for NAA.

‘We are witnessing accelerated progress in the path towards the commercialization of algae in the next couple of years and this view is tremendously exciting,’ said Barry Cohen, NAA executive director.

Will Thurman, chairman of R&D for the NAA and author of the forthcoming study Algae 2020, said, ‘These investments and projects include a $100m investment by Bill Gates and the Rockefeller Foundation in Sapphire energy; more than $45m invested in Solazyme in 2008 by Chevron and private investors; GreenFuels landing a $92m contract to produce algae biomass in Spain; Petrosun’s $40m contract to produce algae in China; the US Department of Energy investing $2.3m in algae projects in 2008; and the UK’s Carbon Trust just announcing $40m in grants for leading algae companies.’

The NAA are an organisation responsible for the fast-track commercialisation of the algae oil industry.

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Tags: algae, biofuel

This story was published on Friday, November 7th, 2008 at 10:00 am and is filed under North America, biomass/biofuel, companies. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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