Researchers say algae-based jet fuel is within reach

11/3/2008 | Google

From the Pentagon to the Energy Department to private investors, pond scum is the hot new commodity. Some $180 million this year has poured into research projects that aim to convert algae into fuel for airplanes and automobiles. Though it currently costs up to $100 per gallon to manufacture algae-based biofuel, at least one company is confident it can achieve a target price of $2 to $3 a gallon in three years or less.

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