To Ensure Freedom and Security, Our Country Must Wean Itself from Reliance On Foreign Energy Sources
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The use of microalgae to produce feedstocks for fuel and energy is one way to decrease the need to import energy to India. At AlgEnerg Pvt Ltd, aim to the conversion of algae to oil will be competitive with petroleum-based crude oil with or without government mandates or subsidies afforded to alternative energy solutions, and at a cost far below any other biofuels feedstock crop.
Government mandates and assistance and incentive programs (e.g., R&D support, tax credits, loan guarantees for the construction of commercial facilities) can, however, significantly accelerate the initial commercialization of this technology and ensure a more rapid adoption throughout the India and other parts of the industrialized world.