Can algae biofuel drive the biofuel market around the globe?

Posted on: Feb-2017 | By: 9 Dimen | Chemicals and Materials

Recent advancement in the technology means creating fuel from diverse sources such as coffee, certain seeds, microorganisms, plants, and others. The development of fuels from the biological sources is no longer a fiction. The production of the biofuel from the algae on a large scale is considered to be very promising for today’s generation. The biofuel production can help meet the fuel demands of the growing population. The algal biofuel production is still in the development stage.

Demanding population:
The increasing demand for the fuels owing to the growing population has a positive impact on the algal biofuel market. The population demand for an alternative to the oil and gas fuels and algal biofuel is supposed to satisfy the urging need.

Factors harnessing algal biofuel use:
The algae production is cost effective which in turn renders it to become affordable for the general public. The various techniques and specific cells can be used to produce biofuels such as bio-gasoline, bio-butanol, methane, jet fuel, and biodiesel from the algae. The algal production can take place in a small area and in huge numbers thus fueling the biofuel production on a large scale.

Government regulations:
The government is educating the masses about the greenhouse gas reduction in order to poise the fuel development from alternative sources. The government regulatory bodies and various fuel manufacturing companies are investing in the research and development of algal biofuel projects for capital reduction related to production and the product. The rising awareness among the people about the clean energy sources and the stringent government norms related to carbon emission is expected to drive the biofuel market.

However, algal use for the biofuel production is still developing and there’s time for it to commercialize. Additionally, to add icing to the cake, there is the dip in the oil prices which has turned the public’s attention from alternative fuel to crude oil.