January 25, 2008

Algae association forms to advance biodiesel production

The National Algae Association, which recently opened its headquarters in Houston, is providing a new forum for researchers, producers and investors to advance the discussion and production of algae as a renewable energy source.

The association, which is in the formation stages, was founded by Barry Cohen of Biofuel Capital Partners, a private equity fund for biodiesel and other biofuels-related technology and production companies. Cohen said biodiesel producers, who are facing problems as a result of high soybean and vegetable oil feedstock costs, are looking to alternative feedstocks, such as algae. "We’ve got biodiesel producers that are contacting us every single day because they know they’ve got a problem, so by putting this together, we’re bringing the researchers together. We’re bringing the algae production companies together so that we can share information and exchange ideas. From that, we are pushing the commercialization of algae.”

I think this is a great idea and should help to advance the industry.

Full Article

National Algae Association Website

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