AgFunderNews recently published a great feature on algae and its promise across multiple sectors. The article initially addresses algae’s many virtues as a ‘powerhouse’ of nutrition, but proceeds to explain how algae shows a lot of promise in the clean energy space and the feed industry as well.
In the article, ABO’s own executive director, Matt Carr, explains that algae upends the traditional food vs. fuel argument, since it can be grown on land not traditionally used for agriculture. In Matt’s words, there are many “big global sustainability and resources challenges that algae is positioned to convert to opportunities.”
Many ABO members are also featured in the article, including Sapphire Energy, for its refined algal oil commercial facility in Columbus, New Mexico, and TerraVia, for its AlgaVia line of food ingredients.
Matt also delves into the challenges that the algae industry has faced, most notably the lack of investment: many algae technologies are new and require high capital investment, after all. Yet, as Matt explains, the federal government has done a great job of supporting the industry and capitalizing on its promise. As he concludes: “I think this is going to take off really quickly.”