High costs seen hampering use of algae as biofuel

Reuters: The cost of farming algae as a biofuel must be cut by about 90 percent if it is to become commercially viable and reduce pressure on food prices, according to research by Dutch scientists. Major companies including oil giant Exxon Mobil Corp, Finnish refiner Neste Oil and Dutch vitamin maker DSM are investing in algae production technology in order to develop biofuel. It could eventually help ease demand and price pressures on food crops that also are used to produce biofuel, such as palm oil.......

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