SBI Energy Report Predicts Open Pond Algae Farming in US

SBI Energy, a company known for its exhaustive reports addressing the complex nature of the energy and resources industry, has released its latest report titled ‘Algae Biofuels Production Technologies Worldwide’. The report discerns the truth of the biofuel market from the created hype by critically probing the available production technologies in terms of know how deployed in its production, cultivation, harvesting and extraction of biofuel.

The report details the research efforts and use of genetic engineering and biological methods that can induce chemically stimulated variations to improve the functions of algae and naturalize it to make the crop competent in converting the sun light and carbon dioxide into organic oily compounds that can dissolve in water for the production of biofuel that can replace the conventionally used jet fuel, gasoline, and ethanol and other type of chemicals. According to the report the algae biofuel production is still in its primary stage all over the world and the pilot project is expected to continue till the year 2015. While most of the current developments are happening within the US the algae markets in Asia and Europe may also witness a growth mainly due to collaboration with US companies. The report predicts that the open pond algae farming in US will reach over 82% during 2010 to 2015 while the European Union and Asian markets represent 11% and 7% of the growth.

Robert Eckard, analyst and author of the SBI Energy report, said that algae production can be supported by a wide variety of biofuel products. He added, currently algae biofuel systems offer the viability of faster production of high quality biofuels that can help in the reduction of CO₂ emissions and enable clean fuel production. He cited the recent $24 million commitment of US Department of Energy to three research groups as an indication for the potential of the biofuel industry.

Source: http://www.sbireports.com/