Let me post this before I leave for Montreal, Canada, today.

The US Department of Energy (DOE) recently announced six projects that will receive up to $18 million in funding to reduce the modeled price of algae-based biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019.

Algal biomass can be converted to advanced biofuels that offer promising alternatives to petroleum-based diesel and jet fuels. Additionally, algae can be used to make a range of other valuable bioproducts, such as industrial chemicals, bio-based polymers, and proteins. However, barriers related to algae cultivation, harvesting, and conversion to fuels and products need to be overcome to achieve the Department’s target of $3 per gge for advanced algal biofuels by 2030. To accomplish this goal, the Department is investing in applied research and development technologies that can achieve higher yields of targeted bioproducts and biofuels from algae—increasing the overall value for algae biomass.

The projects selected include:

• Producing Algae and Co-Products for Energy (PACE), Colorado School of Mines, Golden, CO – Colorado School of Mines, in collaboration with Los Alamos National Laboratory, Reliance Industries Ltd., and others, will receive up to $9 million to enhance overall algal biofuels sustainability by maximizing carbon dioxide, nutrient, and water recovery and recycling, as well as bio-power co-generation.
• Marine Algae Industrialization Consortium (MAGIC), Duke University, Durham, NC – Duke University will receive up to $5.2 million to lead a consortium including University of Hawaii, Cornell University, Cellana and others to produce protein-based human and poultry nutritional products along with hydrotreated algal oil extract.
• Global Algae Innovations, Inc., El Cajon, CA – Global Algae Innovations will receive up to $1 million to increase algal biomass yield by deploying an innovative system to absorb carbon dioxide from the flue gas of a nearby power plant.
• Arizona State University, Mesa, AZ – Arizona State University will receive up to $1 million for atmospheric carbon dioxide capture, enrichment, and delivery to increase biomass productivity.
• University of California, San Diego, San Diego, CA – The University of California, San Diego will receive up to $760,000 to develop an automated early detection system that can identify and characterize infestation or infection of an algae production pond in order to ensure crop health.
• Lawrence Livermore National Laboratory, Livermore, CA – Lawrence Livermore National Laboratory will receive up to $1 million to protect algal crops by developing “probiotic” bacteria to combat pond  increase ecosystem functioning and resilience.

By the way, there are several sessions at the BIO World Congress in the next few days talking about financing and funding. I will definitely check some of them out! Follow @DGreenblogger via twitter at #BIOWC15