L.A. Times writer Tiffany Hsu reports that San Diego biotech firms are working on the best way to extract material from algae and create biofuel. To many, algae is scum that frustrates swimmers and boaters. But to a growing community of scientists and investors in Southern California, there is oil locked in the slime. Research labs have set up shop in the San Diego area that now carries the nickname Biotech Beach. Firms and organizations conducting algae research employ nearly 300 people with more than $16 million in payroll and bring $33 million into the local economy. This critical industry has exploded.
New start … the company’s website promoting green crude made from algae!