Feb 28, 2012

Obama's Favorite Algae Company - Forbes

President Obama’s reference to algae in his Thursday energy speech drew flak over the weekend from Newt Gingrich, who called it “weird” before calling algal biofuel “a terrific concept.” But Obama had political reasons to promote algae in Florida, the sunny, swampy, politically-volatile state he carried in 2008.

The Obama Administration has already sunk $25 million into a Florida company—Algenol Biofuels—that is building an algae biorefinery using a patented technology that promises to streamline the process of extracting ethanol directly from algae.

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