algae biofuels                                                                                                            ...
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Macro Algae: New Waves of Investment from Algae 2020


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Excerpt from Algae 2020 study on Macro-Algae. An increasing number of petrochemical majors
including Dupont, Statoil,
and ENAP believe harvesting
sugars from macroalgae
is an attractive investment
as a next-generation,
sea-based feedstock for
advanced Biofuels. published in Biofuels International and Biofuels Digest. By consulting firm Emerging Markets Online

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Macro Algae: New Waves of Investment from Algae 2020

  1. 1. algae biofuels ������������������������� ������������� ���������������� ������������������������ ������������� ���������������� �����������������������������������������Macroalgae attracts greater investment for sugar-based ethanol, advanced biofuels,drop-in fuels and biochemicalsSeaweed: A newwave of investmentin macro-algaeF An increasing number or more than 100 related projects prior to 2010 years, China and focused on ethanol. However, Asian nations have since 2010, the entrance of grown seaweed of petrochemical majors oil and petrochemical majorsalso known as macro-algae Dupont, Statoil and ENAPat a large industrial scale including Dupont, Statoil, are expressing an increasedfor the production of food, interest in extracting sugarsanimal feed, pharmaceutical and ENAP believe harvesting from seaweed to create notremedies, and cosmetic just ethanol, but also drop-inpurposes. An emerging sugars from macroalgae fuels, biochemicals and otherrise in investment from valuable co products such aspetrochemical majors and is an attractive investment biobutanol and oleochemicals.governments for projects in This follows a key trend byAsia, Europe and the Americasaims at extracting sugars as a next-generation, Shell and BP investing $12 and $8 billion respectively infrom seaweed for ethanol,bio-based diesel, advanced sea-based feedstock for sugar-based conglomerates in Brazil to produce ethanol,biofuels, drop-in fuels,biobutanol, biochemicals advanced Biofuels bio-butanol, drop-in fuels, and bio-based chemical products.and biopolymers. Emerging Markets Online’s Why Macro-Algae? A agree seaweed grows faster lignin, can be easily harvested updated Algae 2020 studynew study, Algae 2020, Vol than terrestrial crops, has compared to microalgae, finds the surging investments2 (October, 2010 update) a high sugar content for requires no pretreatment for in extracting sugars fromfinds phycology experts conversion to ethanol and ethanol production, and can seaweed follows an emergingand petrochemical majors advanced biofuels, absorbs be harvested up to six times microbial ‘sugar to biofuels’from Korea, the Philippines, more airborne carbon than a year in warm climates. trend in the Americas inNorway, the US and Chile land-based plants, has no Most macro-algae biofuel Brazil for ethanol, biobutanol,biofuels international october 2010 65
  2. 2. biofuels algae�������������������������������������������� ������������������������������������������������������������������������������� and advanced biofuels. In Emerging projects in macro-algae September 2010, Bunge and Project and partners Products Description Sources: Emerging Markets Online, Algae 2020 study Vol. 2, Biofuels Digest, industry journals and papers Chevron invested in US-based Solazyme to create renewable South Korea National Ethanol Korea - $275 million (€210) project over 10 years to produce algae-based oils using sugar as Energy Ministry nearly 400 million gallons a year of ethanol by 2020, approximately a feedstock. In addition, LS9, 13% of South Korea’s consumption. The project will create an offshore seaweed forest approximately 86,000 acres in size. Amyris, and Virent aim to use plant-based sugars to produce City of Venice JV with Algae Biofuel Italy - €200 million project announced in March 2009 by the bio-based diesel, drop-in fuels, Port Authority and for Electric city of Venice to capture algae seaweed and generate 40 MW biogasoline, biojet, biobutanol, Electric Power Plant Power of power from algae biofuel to supply up to half of the city’s biochemicals and bioplastics. power supply and for to port facilities and docked ships in the harbour. The project will also cultivate microalgae in closed Will sea-based sugars photobioreactors to generate biomass for power generation. from macro-algae provide a new feedstock for advanced Biomara / Scotland’s Algal Biofuels Scotland - $8 million from Scotland’s Energy Ministry, the EU’s biofuels, drop in fuels and Ministry of Energy INTERREG IVA Programme, and Crown Estate in April 2009 to investigate biochemicals for these seaweed and microalgae strains for commercial scale production. emerging sugar-based, Chilean Economic Ethanol Chile - $7 million investment in 2010 in a seaweed-based infrastructure compatible Development bio-ethanol project lead by US-based BAL in collaboration biofuels and chemicals Corporation (CORFO) with Chilean oil company ENAP, CORFO and the Universidad platforms? Evidently, an and Bio-Architecture de Los Lagos. The project goal is to replace 5% of Chile’s increasing number of Lab (BAL) petrol consumption with 165 million litres of ethanol. petrochemical majors Phillipines National Ethanol and Philippines - $5 million from the Philippines government including Dupont, Statoil, Government, Korean biofuels to develop a 250 acre, seaweed-based ethanol plant and and ENAP believe harvesting Institute for Industrial aquafarm cluster. The aquafarms will be in 4 locations and sugars from macroalgae Technology. will use a South Korean ethanol extraction technology is an attractive investment developed at the Korean Institute for Industrial Technology. as a next-generation, Statoil and Bio- Ethanol and Norway – starting in late 2010, Statoil will fund BAL’s R&D and sea-based feedstock for Architecture Lab (BAL) Co-Products demonstration projects in Norway with the goal of commercialisation advanced biofuels, drop- (Oils, Proteins, of BAL’s technology in Norway and in Europe. BAL will use its in fuels, biochemicals, Iodine) process technology will convert seaweed from Statoil’s aquafarming and biopolymers. ● operations into ethanol and co-products in the partnership. For more information: Dupont/BAL Biobutanol, USA - $9 million US-based Advanced Research Projects This article was written by Will (Bio-Architechture Lab) Sugars for Administration Energy (DOE) announced in Spring 2010 funding Thurmond, CEO of Emerging Advanced and to support a DuPont/BAL macroalgae project aimed at supplying Markets Online, author of Algae Drop-In Fuels biobutanol to be marketed by Butamax, the BP-DuPont JV 2020, TSM House ad 66 october 2010 biofuels international