Venture Capitalists Want to Put Some Algae in Your Tank

New York Times reports on a pair of venture capitalists who want to replace crude oil with algae as a way to fuel the new economy.

Lissa Morgenthaler-Jones and her husband, David Jones, are betting their careers and personal fortunes that they can grow masses of the slimy organism and use its natural photosynthesis process to produce a plentiful supply of biofuel.

A few companies are in a race to be first to convert algae to fuel on a commercial scale, and it will require not a small amount of money, luck and biotech tweaking.

“You have a vintage here that you are not sure is going to mature into anything good, and you are putting money into it on the off chance that it might,” Ms. Morgenthaler-Jones, acknowledged during a drive the other day to an algae-filled catfish farm in this secluded desert town.

Like thousands of other pioneer venture capitalists over the last two years or so, these two San Francisco Bay area investors have trolled through the dizzying, complicated world of renewable fuels — from wave power, to hydrogen fuel cells, to lithium batteries, to cow manure for making methane. And just like their predecessors of the dot-com boom a decade ago, they have come up with their very own gamble, started their own company, called LiveFuels Inc., and are now negotiating with other potential venture capital partners.

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One Response to “Venture Capitalists Want to Put Some Algae in Your Tank”

  1. magmamind Says:

    algae to fuel is an unquestionable way to help save our world.

    not only pecuniary but mise-en-scene as well.

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