Fuelling Speculation - Investors start getting interested in Bio-fuels
Fuelling Speculation - Investors start getting interested in Bio-fuels - Griffith Hack
|31 May 2011|
|The prospect for the development and utilization of bio-fuels is on the rise with several companies reporting significant gains in the prices of their shares.|
Solazyme, a company which has an agreement with Qantas to pursue algae based jet fuels is among several other companies which has seen a significant rise in the prices of its shares.
On the local front, the Australian company Algae-Tec has seen its share price almost double since listing in January. This success has been predicted in a study undertaken by Pike Research (a US firm) which believes that the value of renewable fuels derived from algae will reach $1.3 billion by 2020. Pike believes that the increase in the number of projects is due to an increased demand from aviation and military consumers.
More on this topic can be found here.
|This article has also been published on our Clean IP blog.|