Origin Oil, a California-based company, sounds like a frontrunner in biofuel technologies. Recently the company announced a new way to extract oil from algae, thereby making the process from plat to fuel faster and cheaper.
Origin Oil has a video on its Web site, showing the new process.
According to the American Clean Energy Act of 2009, financial support will be offered to companies if they promote biofuels and/or the use of electric cars. This is good news for ethanol because it is a type of biofuel.
Ethanol Producer Magazine
Furthermore, the Environmental Protection Agency raised the renewable fuel standard, which designates the minimum requirement of renewable fuel per gallon of gasoline, to 10.21 percent for 2009. This is a 24 percent increase from the 2008 standard of 7.76 percent.
This initiative is not surprising considering President Obama’s recent nominations for two specific positions within the Department of Energy.
From left, Steven Chu and Steven Koonin at Berkeley
Steven Koonin was appointed to the position of Undersecretary of Science by President Obama on March 23. He had been the Chief Scientist at BP since 2004 where he researched renewable and alternative fuels.
The draft of the American Clean Energy and Security Act of 2009, introduced by Waxman and Markey, called for a 20 percent decrease in the nation’s greenhouse gas emissions based on 2005 levels, to be achieved by 2020, and an 83 percent cut seen by mid-century.
Since 2007, two tour ships have gone down in Antarctic waters. More than 150 passengers from The Explorerawaited their rescue in lifeboats, some for four hours.