International Sustainability Group (ISGP) has announced the entry into Algae market.
Algae are increasingly becoming popular in health & wellness as well as alternative energy.
ISGP foresees very large global market opportunities for algae and so has decided to acquire a few existing algae production and distribution facilities in strategic locations around the world.
Algae growth is encouraged worldwide as they consume vast amounts of carbon dioxide as part of their daily diet, and thrive as the fastest growing plant on earth.
Algae can help offset man-made CO2 emissions from cars, power plants and factories.
Despite the fact that regulatory and policy uncertainty inhibit the market, Algae-based renewable fuel market is estimated to touch $1.3 billion by 2020.
Competition from co-product markets is also challenging the algae-based biofuel production.
Rajani Baburajan