prado's S.T.E.A.M project period 2
(algae to oil)
ALGAE TO OIL
ALGAE FUEL OR ALGAL BIOFUEL IS AN ALTERNATIVE TO FOSSIL FUEL THAT USES ALGAE AS ITS SOURCE OF NATURAL DEPOSITS.
Scientists from the US Department of Energy's Pacific Northwest National Laboratory have developed a way to quickly and efficiently transform plentiful, easy-to-grow algae into crude oil which can be used in fuels and other materials. The technology is vastly more efficient than other bio fuels, and the Doe is apparently already l
According to the head of the Algal Biomass Organization, algae fuel can reach price parity with oil in 2018 if granted production tax credits. However, in 2013, Exxon Mobil Chairman and CEO Rex Tiller son said that after committing to spend up to $600 million over 10 years on development in a joint venture with J. Craig Seventeens Synthetic Genomics in 2009, Exxon pulled back after four years (and $100 million) when it realized that algae fuel is "probably further" than 25 years away from commercial viability. On the other hand, Algenol claims to have already produced 9,000 US gallons per acre (8,400 m3/km2) of ethanol and hope to produce commercially in 2014.