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Comments made by Myafish

2012 Could Determine Future Of Algae As Fuel

What ridiculous comments! Do you work for a fossil fuel company that is worried algae biofuel research is getting to close for comfort. To claim that $2.5 billion dollars has been spent on algae research over the last fifty years is off 25 fold, and to claim there are no algae products on the market is even more absurd. The DOE will spend about $30 million this year on algae research, and spent about the same amount last year, which were the first algae research funds they have spent in 15 years. Over the last fifty years they have funded maybe $100 million on algae research, so get your fact straight!

Now as for algae products, today algae sales are about $7.5 billion, yes 7.5 BILLION dollars. Martek alone will sell over $500 million worth of omega-3 fatty acids from algae this year, while the human nutrition market from algae is about $3.5 billion, and algae animal and fish feed is one of the fastest growing markets in the world. If you haven't noticed there are now 7 billion people on the planet and we need to feed and fuel them, and algae can really help play an important role in both of these needs. So gets your facts straight, and stop making stuff up. As a concerned tax payer you should be worried about the $300 BILLION we will spend this year on fossil fuel subsidies, that's what a concerned tax payer should be worried about!

December 12, 2011 at 12:42 p.m. ( | suggest removal )