Algae-based biofuel is still years away from the market, analysts say

04/7/2013 | FuelFix.com

Some oil companies are investing in algae-based biofuel as a hedge against the risk of a potential tax on carbon emissions, said Will Thurmond, CEO of Emerging Markets Online. Despite successes on several fronts, commercial-scale algae-based biofuel production remains elusive because of technical and financing barriers, observers said. It could take years before any producer can claim a significant tax credit because the current tax incentive is tied to production, not research, said Michael Webber, deputy director of the Energy Institute at the University of Texas at Austin.

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