A bill meant to give tax breaks to companies working on algae feedstocks-generated biofuel has been approved by the US House of Representatives. The Algae-based Renewable Fuel Promotion Act (HR 4168) was sponsored by New Mexico Congressman Harry Teague and has a corresponding bill in[...]

Meeting the world’s growing energy demands will require a multitude of sources. Biofuel from algae could be a meaningful part of the solution in the future because of its potential as an economically viable, low emissions transportation fuel.  Together ExxonMobil and Synthetic Genomics, Inc. (SGI)[...]

As we enter a new decade in 2010, leagues of prescient scientists , businessmen, politicians, commodity traders, defense hawks, activists, NGOs and social entrepreneurs are taking on future challenges by invoking ancient wisdom. Necessity is the mother of invention.  A sea change is coming to[...]

A European lobbying group weighed in Tuesday on a fierce debate over the environmental value of using algae to produce biofuels for vehicles.The group, the European Algae Biomass Association, said members of its scientific committee were “confident that the commercial production of algae biofuels can[...]

OriginOil, Inc. (OOIL) announced that the company has agreed to partner with Research Institute of Tsukuba Bio-Tech (RITB), recently approved for funding to develop algae to jet fuel applications by Japan Science & Technology Agency (JST). Headed by Tsukuba University professor emeritus and algae researcher[...]

Although algae is currently the most energy-dense biofuel source, the cost of producing algae oil is prohibitively expensive.The U.S. Department of Energy estimates that the biofuel would cost around $8 per gallon at the pump. Other experts have even projected prices of more than $50[...]