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July 9, 2007
De Beers Fuel bites the dust (as I expcted)
The road to renewable fuel utopia will be paved with the bodies of many who failed. About a year and a half ago, De Beers Fuel in South Africa started making outrageous claims about their ability to grow biodiesel from algae on a massive scale. Well the deal has now fallen apart: Bioenergy pact between Europe and Africa and been exposed as a scam. The buyer should as always beware. Most things that sound too good to be true usually are just that.
On the other hand, do not throw the baby out with the bath water in the Algae to Biodiesel field. There is promise there. Still alot of work to do, but much promise from serious scientist and engineers working on the problem. I do expect to be reviewing some companies soon here that I believe are on the right track.
Off hand, one of those is Solazyme with whom Imperium Renewables has a development deal to produce some algae oil for biodiesel. They are doing a number of things right.
Posted by Martin at July 9, 2007 11:58 PM
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