The focus of today’s algae industry is on bringing the advances of science and technology for the production of algae products into the marketplace. These efforts are proceeding quickly, primarily driven by those that recognize algae’s high per-acre-yield and its suitability for making a variety of different products, from the small volume high value to the large volume commodities such as fuels and feeds.
In recent years, the number of algae research projects and companies in the US has increased by more than an order of magnitude, with many, if not most, focused on biofuels production. Overall investments into this space, private and public, exceed two billion dollars. This growth trend is now playing out globally. Many companies believe they are only a few years away from commercial production.
Industry snapshot with Mary Rosenthal, ED, Algal Biomass Organization
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