| Alliance to develop
biocrude oil from algae Oct. 13 -- A Menlo Park, Calif., company has created an alliance of scientists to focus on producing biocrude oil from algae by 2010. LiveFuels Inc. is funding the alliance, which Sandia National Laboratories will lead. Sandia National Laboratories is a U.S. Department of Energy national security laboratory that Sandia Corp., a Lockheed Martin subsidiary, operates. The LiveFuels alliance plans to develop commercial technology that can make million of barrels of crude oil per day from algae. The challenge is to cheaply grow and transform specific algal species into crude oil within days rather than millennia, said Lisa Morgenthaler-Jones, CEO of LiveFuels.
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