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Amid Hurdles, Algae-based Biofuels Market Expected to Flourish

Posted November 01, 2010 9:00 AM by Sharkles
Pathfinder Tags: algae biofuels renewable energy

Algae-based biofuels continue to gain attention in the renewable energy market. According to a new report from Pike Research, the attention won't be going away anytime soon as production of the biofuel is expected to increase rapidly throughout the next decade. The report states that by 2020, algae-based biofuels production will reach 61 million gallons per year, and a market value of $1.3 billion. According to RenewableEnergyWorld.com, this represents a compound annual growth rate of 72%, which is "roughly on par" with early biodiesel production.

This growth is not without hurdles, which in the case of algae-based biofuels include high production costs and access to nutrients, water and necessary capital. Do you think these hurdles will be cleared in time to reach the estimates for 2020?

Source: RenewableEnergyWorld.com

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#1

Re: Amid Hurdles, Algae-based Biofuels Market Expected to Flourish

11/02/2010 1:03 AM

I would like to recognize that Sharkles is one of the few bloggers that sign their work, I hope this is the start of a trend, possibly one of the changes Savvy mentioned some time back

That being said

This blog entry seems much like an ad for the pike energy report, which is priced at $3500 [according to one of the commentators], I followed a link provided by the same commentator http://dotyenergy.com/Markets/Micro-algae.htm which seems to align more closely to my understanding of reality

the production figures stated by the pike report executive summary are speculation.

As of this writing there is no strain of algae that both produces substantial amounts of oil & is acclimated to being grown in a non climate controlled environment [outside]

.

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#2
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Re: Amid Hurdles, Algae-based Biofuels Market Expected to Flourish

11/02/2010 4:53 AM

Like Garthh pointed out - to date algae fuel is all hype & BS.

A good blog for energy is http://www.consumerenergyreport.com/

Robert Rapiers blog - level headed guy that knows the hydrocarbon replacement field well.

Russ

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#4
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Re: Amid Hurdles, Algae-based Biofuels Market Expected to Flourish

11/02/2010 8:09 AM

Hi Garthh,

Thanks for your recognization and feedback. My team is working to put more signed content onto the site, and this was my first. However, it was not written as an advertisement for Pike Research, as we have no affiliation with them. I was looking to write an article that fell within the blog's sphere and this was the most recent news that caught my eye. The findings of the study are certainly up for debate here, and I will do my best to avoid citing studies that require payment in the future.

Cheers,
Sharkles

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#5
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Re: Amid Hurdles, Algae-based Biofuels Market Expected to Flourish

11/02/2010 9:21 AM

Hi Sharkles, I don't think "recognization" is a real word, just one of those 'South Park" spellings that somehow get into on-line dictionaries. Like authoritay

"Recognition" is the 'unmolested' spelling.

jus' say'n

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Re: Amid Hurdles, Algae-based Biofuels Market Expected to Flourish

11/02/2010 9:23 AM

Whoops! I blame not having had my coffee yet

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#3

Re: Amid Hurdles, Algae-based Biofuels Market Expected to Flourish

11/02/2010 6:13 AM

The danger here is it go's the way of corn

Instead of doing the homework and realizing this resource was abandoned, so needs to be re-R&D'd, it becomes a stock-market/lobby/circus, attracts 'short term investment' and go's bust - again.

There needs to be a long term vision, if the US is going to make any headway in the alternate sector - and it hasn't appeared yet.

Too much "instant profit" or "gold strike" thinking. Alternate energy is like a yearling colt. It needs stroking and care and patience to turn it into a workhorse of the future.

Look for "instant race result" and you'll "blow your dough", ruin it, or kill it.

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