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Last Years Oil Price Hikes Saw the Rising ‘Biofuel Algae’ Prove to be Even More Important in 2011.

Madrid, Spain (News4us.com) January 26, 2011

Last Years Oil Price Hikes Saw the Fast Rising ‘Biofuel Algae’ Prove to be Even More Cost Effective than Petrol in 2011.

Last Years Oil Price Hikes Saw the Fast Rising ‘Biofuel Algae’ Prove to be Even More Cost Effective than Petrol in 2011.

Riding on the success of CMT’s highly-acclaimed Algae World series, the third Europe conference is scheduled to take place on the 4-5 May 2011, in Madrid, Spain. As a lead-up to the conference, Oilgae has published a report on “Algae: How Far Are We from Commercialization?” that serves as valuable backgrounder and explores real world status of the industry.

In the past decade, algae’s importance as a biofuel feedstock has slowly risen. On top of record-high oil prices last year, the attractiveness of algae as a viable alternative energy source has grown.

For that reason, the 20-page paper will critically review core issues in the algae industry and explore algae’s progress towards large-scale commercialization.

The paper sheds light on prominent industry players and their algae production strategies, addressing their successes as well as future plans. Oilgae also taps on their experience to present forecast on the industry’s outlook for the next ten years, analyzing current developments and possible trends.

Besides providing updates on the progress and efforts of major algae projects worldwide, summarized within the report are key examples of large oil companies’ joint ventures and tie-ups with the algae sector.

Other highlights include first-hand insights on the key barriers to algae fuels, addressed under three main categories: Key Challenges; Algae Fuel Production Cost; and Entry Barriers.

The white paper is available now as a complimentary download from the official event page. For more information on the conference, one may contact Ms. Huiyan at (65) 6346 9113.


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