Iceland eyes algal-based biofuels industry

In Iceland, biodiesel could be the answer to imported fuel. Because of the algae potential of the country, the managing director of Vistvæn orka ehf, one of Iceland’s most prominent bioenergy companies, said “Iceland even has the potential to export biodiesel.” Ásbjörn Torfason indicated that the company is looking into potential in the southwest and in the northeast, where geothermal plants are either planned or functional.