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Date Submitted: 08/10/2015 06:10 AM
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Algae Fuel Market - Global Industry Analysis, USD 4315.5
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REPORT DESCRIPTION
The algae based biofuel has all the abilities to satisfy the ever-increasing demand for oil and gas.
Presently, several government agencies and companies are funding the research and development
activities to reduce the operating cost and capital involved in algae fuel production. The algae fuel would
not only help to meet the oil and gas demands but also provide a clean source of energy. The increase in
demand for oil coupled with the government regulations providing support to the development of biofuels
can have a positive impact on the algae fuel market. Moreover, the volatility in supply and prices of crude
resulting from geopolitical differences and varying demand from consumers further strengthens the
possibility of using algae as a fuel.
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The segmentation of the algae fuel market can be done on the basis ofthe type of fuel produced using
algae, applications of the algae fuels and the geographical locations of the countries producing the algae
fuels. The algae can be converted to various fuels, depending upon the part of cell and the technique used
for the conversion. The algae can be used to produce biodiesel, bio-butanol, bio-gasoline, methane and jet
fuel. The micro algae are capable of producing the huge amount of usable oil and biomass in the bio
reactors and the algal ponds. The oil can be...