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Energy Department Awards $18 Million to Develop Valuable Bioproducts and Biofuels from Algae

ABO applauds the Department of Energy for awarding six algae technology projects with awards totaling up to $18 million to advance the agency’s goal to reduce the price of algae-based biofuels to $5 per gallon gasoline equivalent by 2019.

Congratulations to the selected projects: Producing Algae and Co-Products for Energy (PACE), Colorado School of Mines, Golden, CO; Marine Algae Industrialization Consortium (MAGIC), Duke University, Durham, NC; Global Algae Innovations, Inc., El Cajon, CA; Arizona State University, Mesa, AZ; University of California, San Diego, San Diego, CA; Lawrence Livermore National Laboratory, Livermore, CA.

We’d like to thank all those ABO members that submitted applications. Your efforts help show the DOE just how dynamic and widespread algae commercialization efforts are becoming. Keep up the good work, we will continue our efforts to make these kinds of opportunities available.

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