Algae and seaweed are seen as high potential feedstock for bioplastics. Let’s have a look under the microscope.
Algae as a source of Energy
A senior executive of an American oil company told me the following last week:
Oil companies have been looking at algae as a source of energy to replace oil …. for the last 20 years.
Arkema, Neste and Covestro, Braskem, US Survey and BASF
Agilix, Amazon Climate Fund, McDonald’s Biofuel, e-Nable, Huhtamaki Startups, African Parks, Siberia
Chemical Recycling Commitments & Incentives, Deep Sea Plastic, Greece SUP Ban, NY Composting
We came to the following conclusion: if you want to replace oil with algae as a source of energy, you have to cover all the oceans with algae. It’s not going to happen anytime soon.
Do you think he’s right or is it some kind of “oil baron” BS? Do you think it will always be like this?