19 US Govenors sign up to renewable fuels

Green Car Congress tells us that 19 state governors have signed up to an agreement to speed the adoption of biofuels in their sates. Which sounds fine as long as they have got plans to manage the increased water demand that this might produce… I wonder.

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One Response to 19 US Govenors sign up to renewable fuels

  1. b cole 21 April, 2008 at 6:56 pm #

    The National Algae Association is working on the commercialization of algae oil production. Below are some approximations for your review.

    With $100 a barrel of oil, algae can be very attractive. No C02 emissions, doesn’t have any effect on the food chain and uses less land than any energy crop.

    If the prevailing market price paid to the farmer is at a rate of $4.00/gal for standing crop feedstock oil, then the top potential income per acre is as follows:

    Soybeans – 300 Gal/acre/year = $1,200 acre/year

    Camelina – 400 Gal/acre/year = $1,600 acre/year

    Palm Oil – 700 Gal/acre/year = $2,800 acre/year

    (This assumes that the Farmer is pressing his seed crop to extract the oil and is presenting the oil for sale at $4.00 Gal)

    Using a selling price for Algae Oil at $2.00 Gal/acre/year here is the comparison using the lower production figure of 3,000 Gal/acre/year:

    Algae Oil – 3,000 Gal/acre/year = $6,000 acre/year

    200 acres = 20 million gallons of algae oil above ground

    National Algae Association
    4747 Research Forest Dr., Suite 180
    The Woodlands, Texas 77381

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