Solix out to prove algae-biofuels work

Biocrude the new oil?

Solix Biofuels has raised $15.5 billion according to the New York Times to prove that a 5 acre algae farm can produce biocrude that can be refined into gasoline at a far cheaper rate than any other biofuel.

Fast regeneration and CO2 consuming qualities make a algae a very compelling prospect for biofuel production, however, "creating the right conditions for algae to serve as a biofuel feed stock at commercial scale remains an expensive proposition".

Solix hopes that its photo-bioreactor can change these cost dynamics, and prove that algae is the next big thing in green investing.