The Obama administration has been outspoken in support of using algae as a fuel. But at what cost? How much green will America spend on green algae?
Over $21.7 million of American Recovery and Reinvestment Act money has already been awarded to one particular company, Solazyme, in order to continue working on converting algae into fuel. That company also happens to be one three benifeciaries of a $12 million contract for green fuel with the Navy.
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It’s been reported the cost of the ‘green’ bio-fuel for the Navy is $26.75 per gallon for JP-5 jet fuel, the standard fuel costs roughly $4 per gallon.