January 27, 2009: The Carbon Trust and algae biofuel

Following an extensive programme of work over the last year, analysing the algae biofuel opportunity and developing an appropriate research and development investment strategy, the Carbon Trust plans to fund and R&D effort into microalgae-derived transport fuels through its Algae Biofuels Challenge, ABC.
The total programme cost is expected to be in the region of UK£20m-30m, with up to UK£10m-16m of Carbon Trust funding.
Additional factors to be considered with the five-phase project includes: The potential for valuable co-products (e.g. animal feeds and animal feed supplements, etc) to create an algal biofuel production system that delivers commercially competitive transport oil.