Thai Energy Leader Embraces Algae-based Biofuel

September 4, 2012
AlgaeIndustryMagazine.com

Dr. Pailin Chuchottaworn

Dr. Pailin Chuchottaworn: Researching potential of algae biofuels in Thailand

The Bangkok Post reports that Public Company Limited (PTT), Thailand’s national oil and gas conglomerate, expects that algae-based biofuel will be commercially viable by 2017 at the price of US $150 per barrel, according to chief executive Dr. Pailin Chuchottaworn. Within that date algae-based petrol could be able to compete with fossil oil, which is expected to hit $150 per barrel, Dr Pailin told a forum at the second Asia-Oceania Algae Innovation Summit, in Bangkok.

“Although the price of algae biofuel is (currently) two to three times higher than fossil fuels, in the future we are going to have economy-of-scale production and appropriate strains for biofuel production,” said Dr. Pailin.

PTT has teamed up with leading universities, the Thailand Institute of Scientific and Technology Research (TISTR) and the National Science and Technology Development Agency developing algae biofuel since 2008. In 2010, the alliance selected more than 1,000 algae strains from domestic fresh water sources as well as from the sea. That group has been shortlisted to 14 appropriate strains for further development.

Dr. Pailin said that last year PTT allocated 250 million baht ($8 million USD) for an algae plantation in Rangsit with targeted production of 100,000 litres. The site is intended to be a regional center for algae cultivation with research focusing not only on biofuel, but on by-products such as animal feed, food supplements, antioxidants and pigments.

PTT’s algae biofuel research and development project has been allocated a budget of 20 billion baht ($642 million USD) between 2012 and 2016. The R&D budget accounts for 3% of the group’s capital expenditure of 720 billion baht ($23 billion USD) during the five-year period.

Read More

More Buzz…

HOME Algae Industry Jobs

Copyright ©2010-2012 AlgaeIndustryMagazine.com. All rights reserved. Permission required to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

From The A.I.M. Archives

— Refresh Page for More Choices
As of March 1, 2015, bbi-biotech GmbH, of Berlin, Germany, has begun integrating IGV Biotech GmbH’s photobioreactors into its own life science product portfolio. A former...
Montague, Prince Edward Island-based Solarvest has announced that it has used its algal-based production platform to express bioactive therapeutic proteins. The proof of ...
The European (FP7) algae project Sustainable PoLymers from Algae Sugars and Hydrocarbons (SPLASH) has been developing a platform technology for the conversion of third ge...
The U.S. Environmental Protection Agency (EPA) is developing an early warning indicator system using historical and current satellite data to detect algal blooms. EPA res...
Algae.Tec has announced a collaboration agreement for the commercialization of its algae production technology with Larimar Energy SRL, of the Dominican Republic. The ene...
Murdoch University researchers are investigating whether the effluent from piggeries can be effectively treated with micro- and macroalgae so that species of the organism...
Scientists from the J. Craig Venter Institute (JCVI), a not-for-profit genomic research organization in La Jolla, California, have published a paper outlining new synthet...
Scientific representatives from the EnAlgae consortium are announcing preliminary results this week from a key algal carbon capture project in the works at Britain’s larg...
The fully automated plant at the Fraunhofer Center for Chemical-Biotechnological Processes CBP in Leuna, Germany, was designed to produce microalgae at industrial scale. ...
OriginClear Inc. and partner AlgEternal have announced that, based on AlgEternal’s field tests, they believe their pure algae concentrate, harvested with OriginClear tech...
Tom Redmond and Yuko Takeo report for Bloomberg.com that, after 10 years of developing algae as a nutritional supplement generating $37.8 million in annual revenue, Japan...
Biocrude oil obtained from hydrothermal liquefaction (HTL) of algae can be an energy-efficient replacement for the fossil crude oil normally used in the production of fue...
Currently made most often from petroleum and natural gas, ethylene is used in the manufacture of plastics and polyester, and ranks as the largest petrochemical produced b...
Astaxanthin has been widely used in the aquaculture industry for pigmentation of salmon, trout and shrimp; used for its antioxidant and other health benefits in the nutra...
MicroBio Engineering, Inc. has announced a new line of 100 and 1,000 liter Algae Raceways™, building on the success of their popular 0.5 m2 (5.5 ft2) and 3.5 m2 (40 ft2),...