GCC Algae Biofuel
Share, GCC Trends,
Analysis, Research, Report,
Segmentation and Forecast,
2014 - 2020
Future Market Insights
Algae was first discovered as a fuel alternative in 1978 under the leadership of US president
Jimmy Carter at a time when fuel prices were high, demand was high, and supply was low and
depleting at the same time, the costs of exploring fuel fields and carrying out oil refining
procedures were exorbitantly high and continued to skyrocket. Algae biofuel is an alternative
fossil fuel that uses algae to generate Biodiesel, Biobutanol, Bio gasoline, methane, ethanol,
hydrogen derived renewable fuel and jet fuel. Half of algae’s composition by weight is a lipid oil.
This has been targeted to convert it into bio diesel that will burn more efficiently than the
A new concept of alga culture has come up to produce bio fuels. Algae costs more per unit than
other bio fuel crops but is claimed to yield 10 to 100 times more fuel per unit area. In 2014, the
prices of oil were between US $ 56 to US $ 120 per barrel. The cost of producing micro algal
biomass in 2014 was US $ 2.95/kg through photo bioreactors. If the annual biomass production
capacity is increased to 1000 tons then the cost will reduce to US $ 1.5/kg for a litre of crude oil.
The extraction of biofuels from algae is largely dependent on organic solvents such as benzene.
The companies that are working on innovating algal biofuel technology are Algenol Biofuels Inc.,
Blue Marble Productions, Solazyme Inc., Sapphire Energy Inc., Diversified Technologies Inc.,
Origin Oils Inc., Proviron Industries nv, Oilgae and Genifuel Corporation.
Browse Full Report@ http://www.futuremarketinsights.com/reports/gcc-algae-biofuelprospects-market
Gulf Cooperation Council...