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Perhaps we should re-emphasise that we at Oilgae try to give the picture "as it is" and not blindly promote oil from algae - we know it is tough, why pretend it isn't? Which is why we make it a point to let you know about cases where things did not go as well as planned. Here's one such story.
It is about a company that rejected a grant of 1 million $ for producing oil from algae, because they had already tried it and couldn't simply want to try again. At least that's what this post says.
Starting in March 2006, Alternative Fuels Inc. (AFI) began working on making biodiesel with algae. The company only lasted until November 2007, but thought about restarting the algae process in Pennsylvania after the closure. As part of the reopening, the state offered AFI the million dollars if they built the algae plant there. Last month, the company said "no thanks" because they had "problems producing algae-based fuel and instead began using waste oil...
Interesting, we only hope there aren't too many more such cases!
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Clarification from Alternative Fuels. PA did not offer any upfront grant monies. It was strictly a .05 cent per gallon incentive for production. I said that was no incentive. We needed that money to go towards infrastructure costs.
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