Algae Biomass Organization Statement on Farm to Fleet Program

December, 12 / 2013

Washington, DC (December 12, 2013) – The Algae Biomass Organization, the trade association for the US algae industry, today issued the following statement applauding President Obama, US Department of Agriculture Secretary Tom Vilsack and Secretary of the Navy Ray Mabus for taking a bold, fiscally responsible step toward increasing the supply of domestically produced biofuels:

“The Farm to Fleet program will help accelerate the production of biofuels made from a range of domestic crops, including algae, and will stimulate increased investment from the private sector.

“Algae fuel producers — high-tech algae farmers — stand ready to work with USDA and the Navy to supply our nation’s vessels, aircraft and support vehicles with competitively priced, domestically produced, drop-in fuels made from algae.

“The market certainty provided by the U.S. Navy is a welcome and much needed demonstration of support for our industry, and one that will increase investor confidence in the prospects for long-term demand for biofuels derived from algae.

“We will proudly work with the USDA and the Navy to show what’s possible when American ingenuity and entrepreneurialism are focused on producing fuels that drive economic growth and enhance national security. We look forward to the day when algae-derived fuels are used throughout the global Naval fleet.”

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