ABO says algal biofuels will reach oil parity price by 2017

November 23, 2010 |

In Minnesota, the Algal Biomass Organization says that algae biofuels will be competitive with oil within seven years. Currently production costs are between $140 and $900 per barrel. Legislation under consideration in Congress would extend the $1.01 per gallon production credit given to cellulosic biofuel producers to their algal cousins.

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Category: Fuels

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