By Ken Silverstein, Forbes:
An Arizona-based algae technology company says it’s on to something big: harnessing the growth of algae at a commercial scale so that it can ultimately be used as a transportation fuel. “Heliae” broke ground Friday on its new plant. Now, all it needs is an abundance of sunshine, water and carbon dioxide.
But while the ingredients to make algae may be simple, it is still an open question as to whether current pilot facilities can attract private investors that will enable the industry to gear up. Beyond the financial concerns, environmental worries persist. It can involve taking carbon emissions from power plants to grow the algae before converting it to something that would run cars, trucks and airplanes… Read more