Algae 2020 report highlights emerging high-value markets for algae
Digest columnist and noted industry consultant Will Thurmond announced his Algae 2020 Global Tour for Spring/Summer of 2010.
Thurmond, author of Algae 2020: Biofuels Markets and Commercialization Outlook will presented a summary of findings from the Algae 2020 study at the Advanced Biofuels Leadership Summit in Washington, DC April 27-29, and will present at the National Algae Association in Houston Texas, April 29-30 , and the Biofuels International conference and expo, Prague, EU May 5-6.
Thurmond noted “algae is serving an increasing important role as an emerging solution to create drop-in replacement fuels such as renewable diesel, renewable gasoline, and biojet fuel for commercial aviation, government and defense markets that are compatible with existing aviation, truck fleet, pipeline and storage infrastructure. Algae and other energy crops have a key role to play in supporting oil, gas, defense and aviation firms in meeting biofuels blending obligations, carbon regulations, and energy and national security concerns”.
The Algae 2020 study observes several key markets are emerging for algae, including environmentally friendly green chemicals, solvents, and bio-polymers that serve large markets facing key challenges in producing renewable and bio-degradable substitutes presently created from the petroleum industry. While algae for biodiesel remains a few years away, presently there are several opportunities in the algae space to produce high-value biochemicals and bio-based polymers that can be sold into the markets today to generate cash flow for algae enterprises scaling up to meet larger fuel market demands tomorrow.
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