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Fuel of the future?: Scientists work to make pond scum a viable energy source

November 2, 2008 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Turning pea-green pond scum into cheap fuel for automobiles and airplanes is still years away, but supporters are still betting heavily with infusions of venture capital money and intensive research.

About $180 million in venture capital money has been raised for algae research, with more than half coming in the third quarter of this year, according to Cleantech, an industry research group.

Some academic institutes have set up dedicated algae research centers, and a handful of start-ups are planning to test algae on a larger demonstration projects in coming months.

By PHUONG LE of the Associated Press

Full Story: http://missoulian.com/articles/2008/11/02/business/biz40.txt

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