Algae biofuel—which refers to converting the energy produced by plant-like photosynthetic organisms into biodiesel—has been proposed as an alternative energy source since the early 1950s.

Algae has big potential for biofuels, feedstock, and other carbon-cutting products, and the US Department of Energy agrees. But cultivating and harvesting it is still too expensive.

The resulting biodiesel and algae-based jet fuels could be produced at a cost of $94 per barrel, well below the current crude oil price of above $100 a barrel, according to the report by Viral ...

But algae don't just produce biofuels. In fact, algae are like microscopic factories producing all sorts of useful compounds that can be used to make an amazingly diverse range of products .

Algae biofuel is expensive to produce and fossil fuel prices are still sufficiently low-cost. According to a 2010 research study by the Lawrence Berkeley National Laboratory, ...

William & Mary scientists are rebooting their algae biofuel initiative, aiming to build on opportunities brought about by new processes, new funding and newly patented apparatus. The biofuel ...

Ford is researching the viability of algae-based biofuels. Algae grows fast, and "crops" can be raised on land unsuitable for farming (a key advantage in the "food vs. fuel"; controversy).

However, using algae for fuel and biodiesel production remains an issue. "The big test is whether [the algae] can be successfully scaled up and survive in a large pond instead of in a container ...

We recently compiled a list of the 7 Best Algae and Biofuel Stocks to Buy Now. In this article, we are going to take a look at where BP p.l.c. (NYSE:BP) stands against the other algae and biofuel ...

In 2023, the algae biofuel market was valued at $8.04 billion and is expected to grow at a CAGR of 5.76% in the 2024-2031 period, reaching $12.6 billion, according to estimates from Data Bridge ...