What does Algenol do?
Algenol is a company located in Fort Myers, FL that is working with its unique photosynthetic algae to take carbon dioxide that is in the atmosphere and produce a variety of affordable and sustainable biofuels.
Is Algenol still in business?
In 2008 the company announced it would begin commercial production of Ethanol by 2009 in the Sonoran Desert in northwest Mexico. This seems not to have happened though and as of 2015 they are still not in commercial production.
Are biofuels a good investment?
While there are risks involved, and growth may be slow, investing in biofuel is both good for the planet and for your long-term portfolio gains.
What are biofuels made from?
Biofuels are fuels made from plants and developed to replace historic fossil fuels such as petroleum-based aviation fuel, gasoline, diesel fuel, and others.
Do biofuels burn cleaner than gasoline?
MYTH: In terms of emissions, biofuels emit the same amount as gasoline or more. FACT: Biofuels burn cleaner than gasoline, resulting in fewer greenhouse gas emissions, and are fully biodegradable, unlike some fuel additives. Cellulosic ethanol has the potential to cut greenhouse gas emissions by up to 86%.
What is the future of biofuels?
Future Role of Biofuels Depends on Profitability and New Technologies. Technological advances and efficiency gains—higher biomass yields per acre and more gallons of biofuel per ton of biomass—could steadily reduce the economic cost and environmental impacts of biofuel production.
What plants are used for biofuels?
Biofuels are renewable substitutes for fossil fuels that are mainly produced from crop plants such as corn, soybeans, wheat, and sugarcane. But animal fats and other byproducts, along with household food waste, can also be used to make biofuels.
What are the main uses of biofuels?
Top 10 Uses for Biofuel
- Transportation. More than 30% of energy consumed in the United States is used for vehicle transportation.
- Energy Generation.
- Provide Heat.
- Charging Electronics.
- Clean Oil Spills and Grease.
- Remove paint and adhesive.
Are biofuels expensive?
Cost of Producing Biofuel Costs of biofuels mainly depend on labor and land costs, feedstock, oil market and agricultural subsidies. Ethanol from sugar cane costs more than $0.40- $0.50/l of gasoline equivalent (lge) when compared to gasoline prices ranging from $0.3- $0.4/lge.