PTT pins hopes on algae-based biofuel

In Thailand, PTT expects algae biodiesel to be commercially viable by 2017 at $150 per barrel where they expect oil prices to be by then, up from the current $110 per barrel. Finding appropriate strains of algae and increased economy-of-scale will be the major drivers for algae biodiesel competitiveness.

Source: Bangkok Post, September 4, 2012

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