UK Carbon Trust Announces the Algae Biofuels Challenge.

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The mission is under way to turn algae into an alternative to fossil-based oil by 2020 as the UK Carbon Trust launched the Algae Biofuels Challenge.As part of Advanced Bioenergy Accelerator, the Carbon Trust intends to make a multi-million pound investment to support the development and commercialisation of microalgae biofuel technologies that have the potential to reduce carbon dioxide emissions. The Carbon Trust intends to fund R&D into microalgae derived transport fuels through the Algae Biofuels Challenge, ABC.

The ABC is a two phase programme with the first phase addressing fundamental R&D challenges and the second phase moving to large scale production of algal oil. The total programme cost is expected to be in the region of £20m-30m, with up to £10m-16m of Carbon Trust funding.

The call for proposals for Phase 1 of the ABC opened on the 23rd October 2008 and closes on 15th December 2008. The launch event of the ABC, will be held on 30th October in London.

The launch event will be used to explain the strategy for the Algae Biofuels Challenge. This networking opportunities will provide a forum for attendees to generate inter-disciplinary and inter-organisational collaborations to deliver the requirements of the Algae Biofuels Challenge.

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