Algae Biomass Organization Hails Carbon Utilization Tax Credit Legislation

July, 13 / 2016

WASHINGTON, DC (July 13, 2016) The Algae Biomass Organization, the trade association for the algae industry, hailed the introduction today of the Carbon Capture and Utilization Act of 2016 by U.S. Senators Sheldon Whitehouse (D-RI), Heidi Heitkamp (D-ND), Jon Tester (D-MT), Brian Schatz (D-HI), Tim Kaine (D-VA), and Cory Booker (D-NJ). The legislation would provide tax credit support for algae and other carbon capture and utilization (CCU) technologies that can convert greenhouse gas emissions into valuable products such as advanced biofuels, animal feed, fertilizer and chemical ingredients. The proposed language would add CCU technologies to section 45Q of the tax code, which already provides credits for the adoption of carbon capture and sequestration technologies.

“Developing technologies that convert greenhouse gases into useful products can overcome the biggest obstacle to carbon capture: cost. We applaud these Senators for recognizing that by recycling carbon and converting it into valuable products we can offset the cost of carbon capture technologies, minimizing impacts on ratepayers and creating new economic opportunities in rural regions across the country,” said Matt Carr, Executive Director of the Algae Biomass Organization. “We are particularly grateful for the language advocated by the Algae Biomass Organization that would allow smaller projects to qualify for the credit, which will help jumpstart several innovative algae technology demonstrations.”

CCU technologies, such as algae cultivation, can transform carbon dioxide emissions into valuable products, simultaneously reducing harmful greenhouse gases and providing economic benefits. A number of companies across the country are working to commercialize new technology advances that use algae and other microorganisms to convert concentrated sources of CO2 into renewable fuels, chemicals, fertilizer, plastics and feed ingredients, as well as high-value products such as Omega-3 nutritional supplements, powerful antioxidants, pharmaceuticals and cosmetics.

About the Algae Biomass Organization
The Algae Biomass Organization (ABO) is a 501 c(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies, and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits, and members and their affiliations, is available at the website: www.algaebiomass.org.

Algae Biomass Organization Hails Potential for Algae Cultivation Revealed in U.S. Department of Energy’s Billion Ton Study

July, 12 / 2016

WASHINGTON, DC (July 12, 2016) The Algae Biomass Organization, the trade association for the algae industry, hailed the findings in the Department of Energy’s 2016 Billion-Ton Report that show the United States possess ample resources to produce large quantities of biomass from algae that can be processed into fuels, feed, food ingredients and other products.

Among the DOE’s findings on algae:

  • Nearly 140,000 square miles of land suitable for open pond algae farms are available in the United States;
  • CO2 resources in the United States could be used to produce nearly 1.4 billion tons of algae annually;
  • An analysis of the productivity of a single strain of saltwater algae found the potential to produce 86 million tons of algal biomass annually and capture 211 million tons of CO2 from coal, ethanol and natural gas sources.

“The Department of Energy has shown that even with the most conservative estimates it is possible to harness the latest algae technologies to not only generate large quantities of useful biomass, but also make substantial reductions in CO2 emissions from the power sector and other industries,” said Matt Carr, Executive Director of the Algae Biomass Organization. “The proven potential for algae to make this huge economic impact and reduce the costs of controlling greenhouse gas emissions should encourage more demonstrations of this technology at larger and larger scales.”

The findings of the Department of Energy come as several leaders in Congress are advocating for more research and incentives for technologies that can transform greenhouse gases into valuable products. In addition to funding research at the Departments of Energy and Agriculture, proposals in the House and Senate have sought to provide tax incentives for carbon utilization technologies that are on par with other carbon capture approaches. Earlier, the Environmental Protection Agency included carbon capture and utilization in its Clean Power Plan after members of the algae research community and industry made clear the role the technology could play in national climate policy.

Carbon capture and utilization technologies, such as algae cultivation, can transform carbon dioxide emissions into valuable products, simultaneously reducing harmful greenhouse gases and providing economic benefits. A number of companies across the country are working to commercialize new technology advances that use algae to convert concentrated sources of CO2 into renewable fuels, chemicals, fertilizer, plastics and feed ingredients, as well as high-value products such as Omega-3 nutritional supplements, powerful antioxidants, pharmaceuticals and cosmetics. The latest innovations in carbon capture with algae will also be topics of discussion at the 2016 Algae Biomass Summit in Phoenix, Arizona, October 23-26.

About the Algae Biomass Organization
The Algae Biomass Organization (ABO) is a 501 c(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies, and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits, and members and their affiliations, is available at the website: www.algaebiomass.org.

 

Algae Biomass Organization Announces Preliminary Agenda for 10th Annual Algae Biomass Summit in Phoenix, AZ

July, 5 / 2016

Event to showcase applications for algae in food, health, agriculture, energy, and other markets

PHOENIX (July 5, 2016) The Algae Biomass Organization (ABO), the trade association for the algae industry, today announced the preliminary agenda for the 10th Annual Algae Biomass Summit, being held in Phoenix, Arizona, October 23-26, 2016. The plenary and breakout sessions unveiled on the agenda promise a wide range of discussions about the latest advances in algae commercialization, research and finance at the world’s largest algae conference. The agenda for the Summit can be viewed at: http://www.algaebiomasssummit.org/?page=Agenda.

Arizona is home to some of the nation’s most advanced test beds for new algae technologies, cultivation techniques and product development with multiple testing facilities, training programs and research centers. It has blossomed into a key algae technology hub for products ranging from pharmaceuticals to nutraceuticals to biofuels, making it an ideal location for showcasing the wide variety of products that the algae industry has to offer.

“We’re looking forward to bringing the Algae Biomass Summit back to Phoenix for a chance to showcase the incredible advances the algae industry has made since our last visit in 2010,” said Matt Carr, executive director of ABO. “We will be celebrating ten years of progress by hearing from top scientists discussing the very latest breakthroughs, and the innovative companies that are making algae-derived products more affordable and more effective in health, agriculture, carbon utilization, wastewater treatment and dozens of other markets.”

In addition to plenary sessions featuring leading keynotes and panels on the most pressing topics facing the industry, the conference will feature dozens of presentations in breakout sessions organized into four tracks: Biology, Engineering & Analysis, Commercialization and a new Industry Focus track on major trends the industry. More than 100 posters will be on display showcasing groundbreaking new technologies and research. More information about the Summit can be found at www.algaebiomasssummit.org.

The Summit comes at a time when the industry is seeing more algae companies successfully moving their laboratory breakthroughs into the marketplace. Many companies are making new algae-derived products available to consumers or opening large-scale demonstration and pre-commercial facilities, with expectations for expansion in the future.

Products made from algae are the natural solution to the energy, food, economic and climate challenges facing the world today. This tiny but powerful organism has the ability to simultaneously put fuels in vehicles, reuse CO2, provide nutrition for animals and people, and create jobs for millions of Americans. More information can be found at www.allaboutalgae.com.

About the Algae Biomass Organization

The Algae Biomass Organization (ABO) is a 501 c(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits and members and their affiliations, is available at the website: www.algaebiomass.org.

Algae Biomass Organization Gears Up for 2016 Algae Biomass Summit

February, 22 / 2016

Largest algae conference in the world now accepting speaking abstracts and proposals for event taking place in Phoenix, AZ October 23 – October 26, 2016

PHOENIX, AZ (February 22, 2016) The Algae Biomass Organization (ABO), the trade association for the algae industry, announced that the tenth annual Algae Biomass Summit will take place October 23 – October 26 in Phoenix, AZ at the Renaissance Glendale Hotel and Spa. The ABO is now accepting abstracts and proposals for keynote speakers, panel presentations and poster sessions at the event, the world’s largest algae industry conference. Speaking opportunities for the Summit are highly competitive, making the submission of high-quality abstracts before the March 16, 2016, priority deadline essential. Information about the event and call for abstracts can be found at http://www.algaebiomasssummit.org.

“The 2016 Algae Biomass Summit marks a decade of the algae industry coming together to network, collaborate, push new ideas, and discuss the most important advancements made by businesses, academics, policymakers and students alike.  Algae technologies continue to impact new markets — food, health, nutraceuticals, pharmaceuticals, animal feed — while making tremendous gains in carbon capture utilization and energy,” said Dr. Anthony Marchese, the 2016 Summit Program Chair and Director of the Engines and Energy Conversion Laboratory at Colorado State University. “With climate change as well as food and water security coming to the forefront of international policy, algae are now seen as a key component in meeting these challenges.”

Speakers and attendees at the Algae Biomass Summit will include national and international technologists, producers, scientists, investors, end-user companies, students and policy makers. Over the last decade participants have expounded on algae’s ability to make fuel, utilize CO2 to make valuable products, provide nutrition to humans and animals, create chemical products, synthesize pharmaceuticals, and provide jobs for millions of Americans, with little to no impact on freshwater supplies or agricultural land (read more at www.allaboutalgae.com).

This year participants will continue to push those and other integral topics such as commercialization of algal production, government and private policies, lifecycle analysis, project funding and the emerging ways that algae can address global challenges.

Products made from algae are the natural solution to the energy, food, economic and climate challenges facing the world today. This tiny but powerful organism has the ability to simultaneously put fuels in vehicles, reuse CO2, provide nutrition for animals and people, and create jobs for millions of Americans. More information can be found at allaboutalgae.com.

About the Algae Biomass Organization

The Algae Biomass Organization (ABO) is a 501(c)(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits and members and their affiliations, is available at the website: www.algaebiomass.org.

Contacts: Nate Kommers, Scoville Public Relations for ABO 206-625-0075 x2, nate.kommers@scovillepr.com

Algae Biomass Organization Hails Carbon Utilization Language in Senate Energy Legislation

July, 28 / 2015

Latest bill to encourage using carbon dioxide as a feedstock for valuable products

WASHINGTON, DC (July 28, 2015) The Algae Biomass Organization, the trade association for the algae industry, hailed language included in the energy reform package released last Wednesday by the Senate Energy and Natural Resources Committee that would prioritize research and development of carbon utilization technologies under the U.S. Department of Energy’s Fossil Energy program. The Energy Policy Modernization Act of 2015 would add “Improving the conversion, use, and storage of carbon dioxide produced from fossil fuels” to the list of DOE Fossil Energy R&D objectives under Section 961(a) of the Energy Policy Act of 2005 (42 U.S.C. 16512(a)).

“We thank the Committee for acknowledging the growing importance of carbon utilization technologies in addressing our nation’s energy future and economic health,” said Matt Carr, executive director of the Algae Biomass Organization. “Innovators across the country are developing processes that can transform carbon dioxide into valuable products that range from plastics to fuels, and from feeds to fertilizers. This prioritization will hasten the day the algae industry can create thousands of jobs by using the waste gases from power plants to make valuable products we need, while giving those power plants a chance to reduce their emission for a profit rather than at a cost.”

The language in the bill comes as carbon utilization technologies have attracted increased attention among policy makers. Senators Joe Manchin (D-WV) and Heidi Heitkamp (D-ND) introduced similar language in legislation proposed in May, which was followed in the House by votes for an Energy and Water Appropriations bill which included $2 million for carbon utilization R&D at the Fossil Energy office, and a vote in the Senate Energy and Water Full Committee for $10 million for carbon utilization.

In June Senators Sheldon Whitehouse (D-RI) and Brian Schatz (D-HI) introduced climate legislation that calls out carbon capture and utilization as an accepted method for power plants and other industries to achieve CO2 reductions. Later in the month language that encourages the EPA to implement policies which encourage the utilization of carbon dioxide was included in pending Interior Appropriations legislation.

The Algae Biomass Organization has called on the Environmental Protection Agency to explicitly recognize that carbon utilization technologies are acceptable methods for states to achieve emissions reductions under the agency’s Clean Power Plan.

Carbon utilization technologies, such as algae cultivation, can transform carbon dioxide emissions into valuable products, simultaneously reducing harmful greenhouse gases and providing economic benefits. A number of algae companies across the country are working to commercialize new technology advances that convert concentrated sources of CO2 to renewable fuels, chemicals, fertilizer, plastics and feed ingredients, as well as high-value products such as Omega-3 nutritional supplements, powerful antioxidants, pharmaceuticals and cosmetics.

About the Algae Biomass Organization
The Algae Biomass Organization (ABO) is a 501 c(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies, and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits, and members and their affiliations, is available at the website: www.algaebiomass.org.

New Carbon Tax Legislation Tips Hat to Algae and Carbon Utilization

June, 16 / 2015

Last Wednesday Democratic Senators Sheldon Whitehouse of Rhode Island and Brian Schatz of Hawaii introduced legislation that would tax carbon emissions in the United States, and return the revenues to citizens through rebates and other tax reductions. A carbon tax is a common policy prescription for dealing with climate change, but the “American Opportunity Carbon Fee Act,” includes one provision that no other proposed climate legislation has covered: it offers incentives to technologies that recycle carbon dioxide.

For the first time an emissions-reduction bill includes carbon capture and utilization (CCU) as an accepted method for power plants and other industries to achieve CO2 reductions. Algae cultivation and harvesting technology is just one of many approaches that can use carbon dioxide as a feedstock for plastics, biofuels, chemicals and other products.

Only recently has the process of CCU been recognized in Washington, DC for its potential to meaningfully contribute to emissions reductions, and do so at a profit, since the products that can be made from carbon dioxide have huge markets.

Senators Whitehouse and Schatz are among the first to include CCU in serious legislation. They deserve thanks for their foresight and hard work introducing this concept into the consciousness of policy makers.

The American Opportunity Carbon Fee Act is a chance to have a discussion about dealing with climate change in a way that protects our environment and allows for innovation across industries. The Algae Biomass Organization is grateful that supporters of this legislation have also acknowledged the important role that new and emerging technologies can have in making all our lives better.

 

 

Algae Biomass Organization Welcomes Joule Unlimited and Parker Hannifin As New Members

March, 27 / 2015

WASHINGTON, DC (March 27, 2015) The Algae Biomass Organization (ABO), the trade association for the algae industry, today announced CO2-to-fuels company Joule Unlimited as a new Platinum member and Parker Hannifin’s Renewable Resources Unit focusing on algae industry research and development as a new Corporate member. Joule and Parker join the growing ranks of companies and organizations that are working with ABO to develop algae and other photosynthetic microorganisms into a source of sustainable fuels, chemicals, feeds, nutraceuticals and other products.

Based in Bedford, Massachusetts with operations in New Mexico and the Netherlands, Joule Unlimited has pioneered a CO2-to-fuels production platform, effectively reversing combustion through the use of solar energy and engineered cyanobacteria. The company’s platform is unique in that it applies microbial biomass as a catalyst rather than a “crop,” enabling the direct, continuous conversion of waste CO2 into renewable fuels such as ethanol or hydrocarbons for diesel, jet fuel and gasoline. Free of feedstock constraints and complex processing, Joule’s process can achieve unrivaled scalability, volumes and costs without the use of any agricultural land, fresh water or crops.

“We’re pleased to join like-minded companies in the important effort to recycle waste CO2 emissions into useful products,” said Serge Tchuruk, President and CEO of Joule. “Although our process differs from those using algal biomass, we share the common objective of commercializing sustainable fuels that can meet global energy demands while also providing a carbon mitigation solution.”

Parker Hannifin is the global leader in motion and control technologies and systems. Parker’s engineering expertise and broad range of core technologies uniquely positions the company to solve some of the world’s greatest engineering challenges.

By partnering with customers, Parker Hannifin’s Renewable Resources Unit improves their productivity and profitability through developing innovative systems and services that solve algae industry pain points.

“We are excited to have an inspiring industry leader like Joule join the ranks of platinum ABO members that are driving our industry forward,” said Matt Carr, executive director of the Algae Biomass Organization. “Parker’s engineering expertise and commitment to deploying technologies that have bottom-line benefits is perfectly aligned with the goals of the Algae Biomass Organization. We look forward to working closely with both of these new members as we work to put more algae-derived products into the hands of consumers.”

Products made from algae are the natural solution to the energy, food, economic, and climate challenges facing the world today. This tiny but powerful organism has the ability to simultaneously put fuels in vehicles, reuse CO2, provide nutrition for animals and people, and create jobs for millions of Americans. More information can be found at www.allaboutalgae.com.

About the Algae Biomass Organization

The Algae Biomass Organization (ABO) is a 501 c(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies, and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits, and members and their affiliations, is available at the website: www.algaebiomass.org.

Algae Biomass Organization’s 2015 Algae Industry Survey Shows Continued Optimism for Growth and Commercialization

March, 11 / 2015

WASHINGTON, D.C. – March 11, 2015 – A survey of the algae industry conducted by the Algae Biomass Organization (ABO) broadly shows high expectations for continued growth in the sector as well as increased production of a wide range of algae-derived products. The survey was conducted in February 2015 and includes more than 230 responses from companies and individuals involved in directly producing and buying algae or algae-derived products, as well as equipment manufacturers, research laboratories, providers of equipment or materials, government agencies and service providers.

As in the previous three annual surveys, respondents this year continued their optimism that algae-derived fuels are likely to be price competitive with fossil fuels by 2020 (75 percent agreement); that algae based feeds will be commercially available by 2020 (97 percent agreement); and that algae-based plastics and chemicals will be commercially available in the same timeframe (93 percent agreement).

A majority of producers reported plans to increase production capacity (70 percent agreement); and many expect positive hiring trends through 2015 and beyond.

The positive attitudes could be attributed to the widespread progress of the industry in commercialization efforts and research breakthroughs in the past year. During 2014 the industry improved capacity at commercial production facilities, made new advances in yields and algae biology, and made significant progress on the policy front with the leadership of the Congressional Algae Caucus.

Federal support for algae and carbon utilization R&D and commercialization, along with streamlined regulatory approvals for algae products or facilities were cited as the top two priorities for the future, suggesting that companies are looking forward to continuing their transitions from research and demonstration stages to commercialization.

“The members of the Algae Biomass Organization are moving quickly to develop technologies that will provide consumers with products they want without negative impacts on our food, climate or energy security,” said Matt Carr, executive director of the Algae Biomass Organization. “This survey captures the enthusiasm of the entrepreneurs and scientists that are tackling some of the world’s biggest challenges, creating new jobs and new sources of fuel, feed and other products.”

Other key findings of the survey included:

  • The algae industry supports a wide variety of jobs across the United States. Respondents reported holding all types of positions in their organizations including executives, scientists and researchers, operations or production positions, finance, students and professors.
  • Significant job growth is projected by 2020, with the percentage of employers with 51-100 employees expected to continue to increase and the percentage of employers that expect 101-500 employees expected to increase eightfold.
  • Congressional engagement is high—68 percent of respondents’ organizations either have met with or plan to meet with legislators, and more than half of ABO members reported having elected officials tour their facilities.
  • Forty-six percent of producers project the cost of algae-based fuel to be less than $3.00 per gallon and more than 91 percent project the cost to be less than $5.00 per gallon by 2020.

An executive summary of the survey’s results is available at:
http://algaebiomass.org/resource-center/references/industry-statistics/ 

Products made from algae are the natural solution to the energy, food, economic, and climate challenges facing our world today. Algae have the power to simultaneously put fuels in our vehicles, recycle CO2, provide nutrition for animals and people and create jobs for millions of Americans. More information can be found at www.allaboutalgae.com.

About the Algae Biomass Organization

The Algae Biomass Organization (ABO) is a 501 c(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits and members and their affiliations, is available at the website: www.algaebiomass.org.

 

Algae Biomass Organization Welcomes Gas Technology Institute As New Corporate Member

December, 18 / 2014

WASHINGTON, DC (December 18, 2014) The Algae Biomass Organization (ABO), the trade association for the algae industry, welcomed today Gas Technology Institute (GTI) as a new corporate member. GTI joins the growing ranks of companies and organizations that are working with ABO to develop algae into a source of sustainable chemicals, fuels, food, and feed applications, as well as for high-value applications such as nutraceuticals, pharmaceuticals and cosmetics, among others.

Based in Des Plaines, Illinois, GTI is a leading research, development and training organization that has been addressing the nation’s energy and environmental challenges by developing technology-based solutions for consumers, industry, and government for more than 70 years. The company has a long record of supporting the development and deployment of biomass conversion technologies for biofuels and other applications.

“We are excited to have a leader like GTI join the Algae Biomass Organization,” said Matt Carr, executive director of the Algae Biomass Organization. “GTI’s contributions to the technologies necessary for converting algae biomass directly to drop-in fuels have been invaluable, and we look forward to working closely with them as we continue to move this industry forward.”

Products made from algae are the natural solution to the energy, food, economic, and climate challenges facing the world today. This tiny but powerful organism has the ability to simultaneously put fuels in vehicles, reuse CO2, provide nutrition for animals and people, and create jobs for millions of Americans. More information can be found at www.allaboutalgae.com.

About the Algae Biomass Organization

The Algae Biomass Organization (ABO) is a 501 c(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies, and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits, and members and their affiliations, is available at the website: www.algaebiomass.org.

Algae Biomass Organization Applauds Senators Sheldon Whitehouse and Brian Schatz For Including Carbon Utilization in Climate Legislation

November, 19 / 2014

Technology to Convert Greenhouse Gases Into Products Gains Support on Capitol Hill 

WASHINGTON, DC (November 19, 2014) The Algae Biomass Organization, the trade association for the algae industry, applauded Senators Sheldon Whitehouse (D-RI) and Brian Schatz (D-HI) for including provisions to encourage carbon utilization technology in climate change legislation they proposed today. The bill calls for greenhouse gas regulations that would promote the use of carbon dioxide as a feedstock for plastics, biofuels, chemicals and other products.

“We need creative solutions to the climate problem, and by including carbon utilization in this bill Senators Whitehouse and Schatz are leading a growing number of legislators that see the value in making products from carbon-containing waste gases,” said Matt Carr, Executive Director of the Algae Biomass Organization. “This is a great first step in providing carbon utilization technology the policy support it deserves.”

A number of new technologies are being brought to market that consume carbon dioxide as a feedstock, making this approach a unique opportunity to reduce overall emissions. In contrast to current CO2 disposal options, known as carbon capture and sequestration which aim to bury emissions, carbon utilization technologies convert those emissions into valuable products that can have economic and environmental benefits.

Algae technology developers are developing a wide range of platforms to convert concentrated sources of CO2 to renewable fuels, chemicals, fertilizer, plastics and feed ingredients, as well as high-value products such as nutraceuticals, pharmaceuticals and cosmetics.  By converting waste gases into products, emitters can not only comply with EPA regulations — they can offset their cost or even profit from them.

The Algae Biomass Organization has called on the Environmental Protection Agency to explicitly recognize that carbon utilization technologies are acceptable methods for states to achieve emissions reductions under the agency’s Clean Power Plan. Failing to do so will be a missed opportunity to encourage investments in an approach that could deliver positive environmental results along with economic growth, jobs and improved energy security.

About the Algae Biomass Organization
The Algae Biomass Organization (ABO) is a 501 c(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies, and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits, and members and their affiliations, is available at the website: www.algaebiomass.org