Forecast: Algae-Based Biofuels Production to Reach 61M Gallons per Year by 2020
Green Car Congress
OCTOBER 27, 2010
billion by 2020. While barely a drop in the bucket for biofuels, Pike says, this represents a compound annual growth rate (CAGR) of 72%, roughly on par with early development in the biodiesel industry. The industry has been both bolstered and hurt by scale-up claims derived from ideal laboratory conditions.
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