Yes, But How Will This Impact the Price of My Sushi?
South Korea will invest $275 million over the next decade to grow seaweed forests off its coast and increase the country's ability to produce biomass energy. The biomass would be used to produce a target of 400 million gallons of ethanol per year by 2020 or roughly 10 percent of the country’s petroleum-based fuel usage.
Most of the algae farming and algae investments in the U.S. and Europe are focused on microalgae. Seaweed, which is already sustainably farmed in Asia and is a multi-billion dollar market, is considered macroalgae.
$418 Per Gallon
According to Biofuels Digest, Professor George Poste of Arizona State University, a...