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Algae can be converted into various types of fuels, depending on the production technologies and the part of the cells used. The lipid, or oily part of the algae biomass can be extracted and converted into biodiesel through a process similar to that used for any other vegetable oil, or converted in a refinery into "drop-in" replacements for petroleum-based fuels.
The United States Department of Agriculture has also been ordered to fund $881 million of biofuel research, so the organization partnered with the U.S. Navy and the Federal Aviation Administration with the goal of researching algae-based biofuels that can be "dropped-into" current military fuel infrastructure.
From 2005 to 2007 a number of types of vegetable oil have doubled in price. The rise in vegetable oil prices is largely attributed to biofuel demand. [19] Much of the fuel price at the pump is due to fuel tax. If you buy vegetable oil at the grocery store it does not have such high taxes.
Biofuel is a fuel that is produced over a short time span from biomass, rather than by the very slow natural processes involved in the formation of fossil fuels such as oil. Biofuel can be produced from plants or from agricultural, domestic or industrial bio waste .
There are two main types of biofuels produced: Ethanol and Biodiesel. Biodiesel is a liquid fuel composed of vegetable oils and or animal fats. To create the gasoline itself, these subsequent liquids are combined with alcohol. Biodiesel is used to fuel compression ignition engines, otherwise known as diesel engines.
Algae.Tec - an advanced biofuels company focused on commercializing technology that produces algae to manufacture sustainable fuels such as biodiesel and green jet fuel; Bio Fuels Pty Ltd - a Victor Smorgon Group company; developing algae biofuels technology in Victoria; oil from the algae will go into the BioMax biodiesel produced by Smorgon Fuels
GreenFuel Technologies Corporation (GFT) was a startup that developed a process of growing algae using emissions from fossil fuels to produce biofuel from algae.. Based in Cambridge, Massachusetts, Greenfuel ceased operations on May 13, 2009, [1] [2] after having raised more than $70 million in investments, citing economic circumstances, and having run out of funds.
Renewable fuels are fuels produced from renewable resources. Examples include: biofuels (e.g. Vegetable oil used as fuel, ethanol, methanol from clean energy and carbon dioxide [1] or biomass, and biodiesel), Hydrogen fuel (when produced with renewable processes), and fully synthetic fuel (also known as electrofuel) produced from ambient carbon dioxide and water.