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Company Claims Potential Magnification In Bio Fuel Production

duanes1967 writes "A company called Joule Biotech claims to have a breakthrough in biofuel production. Their process can create 20,000 gallons of fuel per acre per year at a cost of about $50 per barrel. 'Algae-based biofuels come closest to Joule's technology, with potential yields of 2,000 to 6,000 gallons per acre; yet even so, the new process would represent an order of magnitude improvement. What's more, for the best current algae fuels technologies to be competitive with fossil fuels, crude oil would have to cost over $800 a barrel says Philip Pienkos, a researcher at the National Renewable Energy Laboratory in Golden, CO. Joule claims that its process will be competitive with crude oil at $50 a barrel. In recent weeks, oil has sold for $60 to $70 a barrel.'"

4 of 260 comments (clear)

  1. Why not save all the time and confusion by jeffmeden · · Score: 5, Funny

    Just brand this as "$50/barrel oil derived from harvesting common, readily available snakes and processing them in a revolutionary (and certainly patent-pending) way".

  2. Re:It's always a startup... by Andr+T. · · Score: 4, Funny

    Nah, say whatever you want, skeptic. When my ORBO arrives, I'll be the one laughing!

    --

    Any life is made up of a single moment, the moment in which a man finds out, once and for all, who he is.

  3. If this works by xs650 · · Score: 4, Funny

    we should name a unit of energy after the company

  4. Frankenfuels! by John+Hasler · · Score: 2, Funny

    > Yes, your fuel may soon come from a genetically engineered non-algal microbe.

    They'll be banned in Europe. Ain't natural.

    --
    Warning: this article may contain humor, sarcasm, parody, and perhaps even irony. Read at your own risk.