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Growing algae is not hard - of course we all know that. But making enough to be competitive with fossil fuel prices has eluded the many companies and researchers betting on algae as a biofuel feedstock.
Solazyme CEO Jonathan Wolfson on Wednesday said that his company will be able to produce millions of gallons of algae-derived biodiesel in three years.
The reason Solazyme is on a faster track than many others is because it is taking a very different technology path. The biotechnology company developed a process built off existing industrial equipment for fermentation and oil extraction, he said.
Unlike many other oil from algae companies, Solazyme grows specially optimized algae in the dark in a large tank by feeding it with plants. The algae is then fermented and turned into oil, he explained. Its biodiesel recently was certified to work in diesel cars and can be used in existing oil refineries.
Read the full report on this from here. Please read the comments as well - some of them have pertinently asked how Solazyme's idea could be considered good when it could pretty much have the same food-or-fuel problems that the soy-biodiesel and palm-biodiesel routes have...interesting, let's hope Solazyme answers this...
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