J.O. Posted February 17, 2010 Share Posted February 17, 2010 DARPA: Biofuel from Algae Could Cost Only $1 Per GallonPosted by Michael Hoven on February 15, 2010 at 4:11 pmThe Defense Advanced Research Projects Agency (DARPA), an office of the US Department of Defense, will soon be producing jet fuel made from algae at a price comparable to that of petroleum-based fuel, the UK Guardian reported on Saturday. DARPA could be months, not years, from producing an algal biofuel that is price-competitive with fossil fuels. According to Barbara McQuiston, special assistant to energy for DARPA, “Oil from algae is projected at $2 per gallon, headed towards $1 per gallon.”The oil produced by algae still needs to be refined into jet fuel, which can be done while still keeping the price under $3 per gallon. McQuiston said an additional refinery will come on line in 2011 and be capable of producing 50 million gallons of algae-based jet fuel a year.Full article here:DARPA: Biofuel from Algae Could Cost Only $1 Per Gallon Link to comment Share on other sites More sharing options...
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