Seattle, United States [RenewableEnergyWorld.com] Entrepreneurs, academicians, scientists and leaders of global corporations announced the formation of the Algal Biomass Organization (ABO) to help accelerate the development and commercial application of algae biomass.
Algae are an ideal low-cost, renewable and environmentally progressive raw material that can be converted into biofuels. They can grow rapidly (doubling in biomass in as little as a few hours), require limited nutrients and can annually deliver up to 2,000-5,000 gallons of fuel per acre of non-arable land.
“Boeing recognizes that algae biomass holds tremendous potential for use as jet fuel, and it fits into our plan to guide aviation toward commercially viable and sustainable fuel sources — fuels with substantially smaller greenhouse gas footprints that do not compete with food or require unacceptable quantities of land and fresh water resources,” said Billy Glover, Managing Director, Environmental Strategy, Boeing Commercial Airplanes, and ABO steering committee co-chair.
The Algal Biomass Organization is opening membership to any parties interested in this evolving area of research, development and potential commercialization. The group will gather for the 2nd Annual Algae Biomass Summit in Seattle October 23-24, 2008.