March 5, 2011

OPEC Recognizes The Potential Of Algae Based Biofuels

OPEC's 2010 “World Oil Outlook” recognizes the potential of algae based biofuels.

Second-generation biofuels are assumed to contribute increasingly to global supply from 2020 onwards. Further down the line, beyond the forecasting period, algae-based biofuels – a third-generation biofuels technology – could potentially provide huge amounts of supply and be what some are calling a ‘game changer’.

2010 World Oil Outlook

(H/T Riggs Eckelberry)

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