University of Illinois

Researchers from the University of Illinois may have discovered a new super crop for biofuels:  red seaweed.

Another week and another report on the prospects for commercial algae-based biofuels. 

  • Last week, research/marketing consulting firm Pike Research, based in Boulder, Colorado, predicted that 61 million gallons of algae-based biofuels per year at a market value of $1.3 billion ($21 a gallon) would be produced by 2020. 

  • On Tuesday, the Energy Biosciences Institute (EBI) in Berkeley, California, funded by BP plc (NYSE: BP), conjured a scenario in which algae-based oil could be produced at $5.71 to $7.86 per gallon.

20 collegiate teams from all over the world will compete in the U.S. Department of Energy’s 2011 Solar Decathlon. The teams design, build and operate energy-efficient, solar-powered homes that are attractive and affordable.

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