Emerging Technology Report
Regis University
Emerging Technology Report
The purpose of this paper is to inform the reader of an emerging technology. It will also discuss the demand of natural resources and the effects that the petroleum products are having on the environment. I will also discuss the importance of using natural renewable and non-renewable resources wisely. Lastly, I will identify a company that is producing a product that will help reduce the demand of petroleum fuels.
Today’s technology is changing at a rapid rate. The computer or cell phone you purchase today will be outdated within six months. The strong desire that is behind the accelerated advancement in technology to better our living standards is also endangering it.
It is imperative that renewable and non-renewable resources are used wisely. If a resource is used and thrown away, eventually the resource becomes scarce. Sometimes resources become so scarce that they can no longer be used. In these cases, substitute resources may be used, which may make a poorer quality product, or one that is more expensive. If substitutes cannot be used, some products could no longer be made.
Solix is an offspring of the U.S Department of Energy’s Aquatic Species Program started in 1978. “From 1978 to 1996, the U.S. Department of Energy’s Office of Fuels Development funded a program to develop renewable transportation fuels from algae. The main focus of the program was the production of biodiesel from high lipid-content algae grown in ponds, utilizing waste CO2 from coal fired power plants” (Sheehan, Dunahay, Benemann, and Roessler, 1998).
“Solix Biofuels is the sole supplier of the AGSTM Technology-a controlled environment for cultivating oil-rich microalgae. The microalgae are used to produce biocrude, green diesel, biojet, biodiesel and chemical intermediates. Solix’s AGSTM Technology is uniquely adated to grow microalgae, a “third generation” energy and chemical product feedstock”...