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A recent report by an Australian think tank found that algae farming in that country could generation billions of dollars in economic benefits and up to 50,000 jobs. Experts at Future Directions International examined the benefits that would come from producing algae-derived Omega-3 oils, aquaculture feeds and biofuels in regions of Australia with ample land and sunlight.
The numbers are big, but might only be the tip of the iceberg when you consider that the study examines algae’s potential in just one country. The larger economy and higher fuel demand in the United States, for example, point to an even larger potential world wide.
Austrialia’s ABC has the story, along with some great video of ABO member Aurora Algae’s operations.
