The Future Will Be Paved With Pond Scum
With oil prices reaching $105 a gallon for the first time since 2008, the biofuel industry is looking more attractive every day. As global demand rises and petroleum supplies diminish, countries are turning to algae for energy security.
Pike Research, Pike Research.a market research and consulting firm, conservatively predicts that by 2020 algae biofuel production will reach 61 million gallons per year and command a market value of $1.3 billion.
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