Algae

Energy Solution

The yields of oil and fuels from algae are much higher (10-100 times) than competing energy crops.
Algae can grow practically anywhere, thus ensuring that there is no competition with food crops.
Algae are excellent bioremediation agents - they have the potential to absorb massive amounts of CO2 and can play an important role in sewage and wastewater treatment.
Algae are the only feedstocks that have the potential to completely replace world's consumption of transportation fuels.
Algae are already being used in a wide variety of industries and applications, and many newer applications are being discovered. Such a wide range of end-uses enable companies to produce both fuels and non-fuel products from the same algae feedstock.

Projected Share of Algae Biofuels in Total Fuel Production in 2014 ( billion gallons)

Total oil consumption in 2014	1506.939
Total Projected Supply by Traditional Biofuels	41
Total ethanol production by 2014	26
Total biofuels production by 2014	15
Share of traditional biofuels in total oil consumption	2.72%
Projected market size for traditional biofuels	$ 123 billion