"Algae are simple aquatic organisms that contain proteins, oils and carbohydrates, which when properly cultivated, can be used to make a variety of products, including renewable biofuels ...

Bio or bust? The economic and ecological cost of biofuels. EMBO reports 9, 130-133 (2008) doi: 10.1038/sj.embor.2008.6. Ryan, C. "Cultivating Clean Energy. The Promise of Algae Biofuels." ...

4 In the 2000s and early 2010s, algal biofuels were touted as the fuel of the future; companies even promised to produce “fuel from thin air,” using only water, sunlight and CO 2. Researchers knew ...

Algae biofuel can reduce vehicle lifecycle CO2 emissions 50 to 70 percent compared to petroleum fuels when using an Energy Return on Investment (EROI) model. "With significant emissions reductions ...

Shell Oil formed a joint venture with HR Biopetroleum called Cellana and they plan to produce biofuels from marine algae. Shell, which owns a majority stake in the venture, will start production ...

In 2023, the algae biofuel market was valued at $8.04 billion and is expected to grow at a CAGR of 5.76% in the 2024-2031 period, reaching $12.6 billion, according to estimates from Data Bridge ...

A year later, after wading through the claims and gathering opinions from a network of more than 300 experts, the agency announced on October 23 the creation of the Algae Biofuel Challenge ...