Algae-to-energy roundup says economic slowdown buys algae companies time; Solix reporting $32.81 cost per gallon for algal fuel

Mass High Tech has published a roundup of algae-based biofuels development, concluding that the economic crisis has slowed the pace of algae biofuels development, but “buys these companies time” according to Dennis Costello of Braemar Energy as quoted in an excellent roundup article. GreenFuel, Algenol, Codon Devices and Solazyme are among the companies discussed in the roundup.

Meanwhile, Greentech Media has profiled the state of development at Solix Biofuels, which confirmed that it can produce algae-based fuel on a scaled-up basis at this point, but for $32.81 per gallon. Solix, which has a photobioreactor-based technology, said that it can reduce the cost to $5.50 per gallon by eliminating external power consumed in drying its algae and powering the bioreactors, and reducing it further to $3.50 per gallon through sales of algae-based byproducts including proteins.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Solix signs R&D agreement with Los Alamos National Lab; targets algae oil extraction technology

In Colorado, algae pioneer Solix Biofuels announced the signing of a Cooperative Research and Development Agreement (CRADA) with the Los Alamos National Laboratory. Under the agreement, Solix will gai...

AlgaeVenture Systems files patent docs; advanced dewatering tech may drop algal fuel cost by $3 per gallon

In Washington, Univenture and AlgaeVenture Systems announced that they have filed patent documents for their disruptive algae dewatering technology. AlgaeVenture Systems reports that a prototype of it...

Algae bloom: Producers snap up algae oil, farms struggle to produce volume, startups proliferate

Business Week published a roundup on developments in algae-based biodiesel, highlighting startups by Chevron, Honeywell and Boeing, as well as the technical challenges of producing algae in a controll...

Colorado’s Blue Sun Energy biodiesel plant named “company to watch”; aims for algae, camelina

In Colorado, biodiesel producer Blue Sun Energy was selected as one of the "2009 Colorado Companies to Watch" by the Colorado Department of Economic Development and International Trade. The soy and ca...

Defense Department says algae oil production costs over $20, must reach $3 or less to be viable

The US Defense Department is estimating that the current production cost of algae oil exceeds $20 per gallon. The Department is exploring the potential of algae oil as a jet fuel source, but said that...

Algae pioneer Solix closes $16.8 million Series A financing with new Chinese investor

In Colorado, algae photobioreactor pioneer Solix Biofuels announced the completion of its $16.8 million Series A capital funding that added Shanghai Alliance Investment to its group. Proceeds will be ...