Thanks to conventional fuel price levels, increasing interest from both public and private investors, and widespread government support, the algae fuels industry is poised to potentially post growth rates of 43.1 percent, in effect creating a $1.6 billion market by 2015.
A recent SBI Bulletin analyzes these and other issues and presents a view into the near future. Per the bulletin, a groundswell of strategic partnerships and increasing company revenues is contributing to catalyzing the algae biofuels industry.
“Strategic partnerships from ExxonMobil, Chevron, BP, Dow Chemical, Desmet Ballestra and many others will drive the investment needed to successfully commercialize algae biofuels,” said Shelley Carr, publisher of SBI. “Private investment and venture capital will also provide funding through 2015.”
Both industry factors, like investment, technology, and general business development, and market factors that increase demand have great potential to shape the emergent algae biofuels market.
One major benefit that the sector should be able to capitalize on is the high per-acre yield and practically negligible impact upon the environment.
The report, titled “SBI Bulletin: Algae Biofuels Technologies – Global Market and Product Trends 2010-2015,” investigates current industry trends and market signs, as well as projections across areas of research and development, financing, and physical facility construction, and it presents a variety of comparative studies between algae biofuels and conventional alternatives.
SBI’s Bulletins seek to provide in-depth market research and analysis, particularly in the areas of heavy industry, manufacturing and construction, and materials sciences.