Algae fuel inches toward price parity with oil

November 22, 2010

By hammersmith

[Source: Solve Climate News] – The promise of making motor fuel out of pond scum is inching closer to reality as the algae industry and its supporters plow forward with technology demonstrations and demand tax credits that are needed to cut costs.

The head of the 170-member Algal Biomass Organization (ABO), Mary Rosenthal, predicts the fledgling fuel source could be cost competitive with oil in seven years.

For more information: Algae Fuel Inches Toward Price Parity with Oil