Amidst the relentless promotion of renewable biofuel alternatives to traditional fossil fuel hydrocarbons, the three leading contenders are jatpropha, camelina and algae.

But among the many barriers holding back industrial production of biofuels is that no company up to now has yet figured out how to produce a gallon of biofuel at a price that can compete with gasoline.

Apparently until now, if press releases by Algae.Tec are anything to go by. The company, founded only three years ago, has offices in Atlanta, Georgia and Perth,…

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• Aqualia eyes large-scale algae biofuel production
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