Industry Statistics
Why Algae?
Algae hold great promise in the near term to fundamentally change America’s energy portfolio, sequester or convert atmospheric CO2 into market-ready products, and help grow our economy through the creation of tens of thousands of well-paying green-collar jobs.
Based on a survey conducted by the Algal Biomass Organization in January of 2010 with 52 reporting companies, a likely estimation of job growth is shown in the chart below as Scenario 1. In addition, based on the same survey, with the addition of regulatory and legislative parity in the US, accelerated job growth could occur as estimated Scenario 2.
Executive Summary
The 2009 Algal Industry Survey provides baseline information about our emerging algal industry. Respondents were positive about the future of the industry and optimistic about algae’s potential to help solve critical social and economic problems.