Third world countries will soon be able to grow algae in ponds or closed loop systems using new technologies. With algae oil production systems in place, they may become oil exporters to industrial countries that need oil, Growing energy crops without affecting the food channel, can be profitable and possibly boost their own standard of living.
I am highly skeptical of this plan which was first researched and introduced by Chevron Corp. Algae reproduces at an astonishing rate and in many places algae has grown so much due to its carbon digestion that it's out of control and kills fish and other life forms in water. I would love to think that it could be done and that everyone interested in the plan would be responsible and monitor the project closely...but I don't think that would happen. Thanks for the tip, though, I will definately be paying attention!
I have been told that Chevron is building Algae ponds in West Texas. Algae growth can be controlled in ponds. There are approximately 15 companies currently growing Algae. Some in ponds and some in tubes. Many algae producers will be presenting or looking for investors at our forum on April 10th which is almost sold out..
There was an interesting piece on CNN yesterday on Algae as a renewable energy source (the article can be found here). Glen Kertz, president and CEO of Valcent Products says that he can produce about 100,000 gallons of algae oil a year per acre, compared to about 30 gallons per acre from corn; 50 gallons from soybeans. While not a new idea, it seems like it's something worth continuing to investigate.
I look forward to the R&D of algae. Aside from the fact that blue-green algae is a great nutritional supplement, here now comes a prospect for tomorrow's fuel. Let's hope this alternative will take off.