Fox News recently reported on a Massachusetts firm that shows great promise in delivering high-quality and high-volume diesel fuel using water and carbon dioxide. So what's different between this process and algae fuel? The difference is which "critter" is chosen to produce the fuel. Joule Unlimited is using genetically engineered bacteria instead of the more traditional algae to produce bio-diesel. The company claims that it's process has an annual capacity of up to 15,000 gallons of diesel fuel per acre, per year. Joule also claims that the cost of production amounts to $20 per barrel, once government subsidies are factored in. At the time of this post, light sweet crude oil was being traded at a price of $89 per barrel.
Here is the link to the Fox News Story: http://www.foxnews.com/us/2011/08/02/energy-in-america-new-diesel-biofuel-faster-more-efficient-to-produce-says/
Joule Unlimited's web site can be found at: http://www.jouleunlimited.com/
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