The LiveFuels alliance is the largest and most intensely focused group in the country commercializing technology that can make millions of barrels of biocrude oil per day. The initial focus of LiveFuels’ team will be algae-to-biocrude.
Algal oil is similar to soybean oil but can be grown on marginal lands unsuitable for food crops. Thriving on sunlight and CO2, algae can be grown in fresh or brackish water. This makes algae an ideal solution for farmers dealing with issues of agricultural run-off. Moreover, a shortage of vegetable oil has been predicted within 3 to 5 years in the United States, and algal oil could fill the gap for non-edible uses like biofuels.
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