Aozora Alliance looks at the world of algae bio-fuel production and why it could be the answer to our bio-fuel needs.
Some of the latest research that Aozora Alliance analysts have seen regarding bio-fuel production have suggested that algae could supply enough bio-fuel to meet the transport needs of America. All of it, on its own.
The current leaders in bio-fuel production, such as soy and palm, would require land area twice that of the entire united States to achieve that goal. It is estimated though that algae can achieve this by utilizing the relatively small amount of 15,000 square miles. That’s still about the size of Belgium, but it represents only about 1% of the land that the united States is currently using for farmland.
“Photosynthesis remains the most efficient way of converting solar energy that we have available in the world today – and algae is a master from the perspective of bio-fuels”, according to a research analyst at Aozora Alliance. This is because algae converts most of this captured energy into fats and oils which are the ingredients used to make the bio-fuel.
The accepted benchmark is that a single acre of algae can produce 15,000 gallons of bio-fuel per year. The next nearest competitor is palm oil at 630 gallons per acre. Under ideal circumstances, one group have been able to produce 180,000 gallons from a single acre. That is 4,000 barrels of oil a year, from one acre, at a cost of $25 per barrel.
As exciting as this research is, Aozora Alliance have stated that they will not be recommending investment into algae production to their clients until there is commercial scale validation. However they will be watching this sector very closely over the coming months.