Can We Save the Algae Biofuel Industry?
In the last decade or so, vast amounts of money have been invested in the development of algae for biofuel production. This made sense because, ten years ago, there was a need to find alternatives to fossil fuels due to the high oil price and the increasing recognition that carbon emissions were causing climate change. Algal biofuels were touted as the answer to these twin problems, and huge investment followed.
Unfortunately, things didn’t go quite to plan.