[ad#The Buzz Sponsor Ad]

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
Arizona is taking advantage of its open land and ample sunshine to assume a leadership position in the algae biofuel field. The state is home to two national algae testbe...
In October 2014 an unusual AlgaePARC research paper entitled Design and construction of the microalgal pilot facility AlgaePARC was published in the Journal of Algal Rese...
Cyanobacteria, also known as blue-green algae because of their color, have endured for more than 2.5 billion years, providing ample time to adapt to changes in the Earth'...
Simris Alg, a pioneering agribusiness producing omega-3 from farmed algae, has been declared one of Sweden’s 33 hottest companies in new technology. The renowned list is ...
Natacha Tatu writes in Worldcrunch about a 72-year old French chef who has taken on the challenge of bringing spirulina to the malnourished youth of the Central Africa. F...
The Symbiosis Center in Denmark is exploring the industrial potential of microalgae, reports EUobserver's Regional Focus magazine. Using CO2 and light to produce valuable...
Hannah Osborne writes in the International Business Times that algae has been genetically engineered to kill cancer cells without harming healthy cells. The algae nanopar...
While researchers have long suspected that climate change will lead to stronger and more frequent algal blooms, a new fusion of climate models and watershed models has pr...
Professor David Sinton of the University of Toronto’s Faculty of Applied Science & Engineering has been awarded a 2015 E.W.R. Steacie Memorial Fellowship from the Nat...
The World Health Organization (WHO) estimates over 200 million people worldwide are exposed to arsenic concentrations in drinking water that exceed the guideline limit of...
S V Krishna Chaitanya writes for the New Indian Express that a scientist from Chennai, the capital city of the Indian state of Tamil Nadu, in South India, is playing a ke...
An enzyme responsible for making hydrocarbons has been discovered by Texas A&M AgriLife Research scientists studying the common green microalga Botryococcus braunii. ...