Algal Biomass Organization's Industry Survey Reveals Increased Production, Price-Competitiveness and Need for Level Playing Field

The Wall Street Journal's MarketWatch
press release
March 1, 2012, 2:47 p.m. EST

WASHINGTON, DC, Mar 01, 2012 (MARKETWIRE via COMTEX) -- A new survey of the algae industry conducted by the Algal Biomass Organization (ABO) shows algae companies are increasing production in 2012, they expect to be price-competitive with petroleum fuels by 2020, and that stable and effective Federal policy would accelerate production and job creation.

The survey of more than 380 algae industry contacts shows a rapidly growing sector: 65 percent of algae producers said they plan to expand capacity in 2012 as they work to provide the U.S with new sources of sustainable, domestically produced fuels.

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