Green oil by 2020
Read the press release from The Carbon Trust.
The Carbon Trust today launches the Algae Biofuels Challenge with an ambitious mission: to commercialise the use of algae biofuel as an alternative to fossil based oil by 2020. The Algae Biofuels Challenge is a multi-million pound UK R&D initiative that could see the Carbon Trust commit £3m to £6m of funding in the initial stages. The Department for Transport recently announced it will be contributing to the funding of this initiative.