Biotech pros press algae into biodiesel production
Algae, it seems, is the new darling of the biofuels world. Aurora BioFuels on Tuesday announced that it has raised $20 million to build open-pond algae farms to make bio-oil.
It's one of several funding announcements from start-ups looking to make algae a commercially viable alternative to soy, canola, or fry grease to make fuel for diesel vehicles.
Aurora BioFuels, started by University of California at Berkeley students, has a process that it says can create biodiesel at yields that are 125 times higher and have 50 percent lower costs than today's production methods.
The company intends to … Read more