2014 Algae Industry Survey Conducted by the Algae Biomass Organization March, 2014 www.algaebiomass.org | (877) 531-5512 | firstname.lastname@example.org
Responses Across the Industry 285 respondents from across the industry I work for an organization that is: A company that produces or researches algae-derive d products (fuel, feed, nutraqceuticals, bioplastics, c hemicals, etc.) A research laboratory with government affiliation A university or college An equipment or materials provider for the algae ind ustry A company that supports the use of algae in industry (transportation, consumer products, chemicals, etc.) An equipment or materials provider for the algae ind ustry A government agency or department (national or stat e) A supplier of services to the algae industry (legal ser vices, accounting, other consultant, etc.) Other Organization Type
Survey Highlights: Significant Optimism Industry insiders broadly believe that: • Algae fuels, feeds, plastics and other products will be price competitive within the decade. • Production and hiring will increase in both the short and long term. • Supportive federal policy would accelerate hiring and production.
On Track to Price Competitiveness • More than 83% say it is likely that algae based fuels wil by cost competitive by 2020. • More than 40% of producers say the price wil be below $5.00 per gal on by 2020. Given what you know about the algae industry, in your opinion, how likely is it that algae-based fuels will be cost-competitive with fossil fuels by 2020?
2012 2013 2014 Extremely likely
13% 12% 15% Very likely
22% 26% 19% Moderately likely
34% 29% 29% Slightly likely
20% 24% 20% Not at all likely
10% 9% 16%
On Track to Price Competitiveness To the best of your knowledge, can you project what your cost/gal on of algae-based fuel wil be in 2020? Less than $1.50/gal on; 8% $1.50-$3.00/gallon; 20% Not applicable/not sure; 40% $3.00-$5.00/gal on; 14% $5.00-$10.00/gal on; 18%
Industry Pursuing Full Range of Algae Products Does your company or organization produce any of the following algal products? (select all that apply)
Producers 2014 Oils for use in food products 19.50% Feeds (fish and/or farm) 39.10% Bioplastics 11.90% Chemicals 15.20% Nutritional products or nutraceuticals 35.80% Fuels 33.60% Fertilizers 18.40% Biomass for energy or other uses 35.80% Non-food specialty oils (cosmetics, lubricants, etc.) 15.20% Other 21.70%
Competitive Feeds from Algae 97% say that algae based feeds wil be commercial y available in 2020. How likely is it that cost-competitive algae-based feeds in agriculture or aquaculture wil be commercial y available by 2020? Unlikely; 3% Slightly likely; 8% Extremely likely; 25% Moderately likely; 24% Very likely; 40% How likely is it that cost-competitive algae-based feeds in agriculture or aquaculture wil be commercial y available by 2020?
Competitive Plastics and Chemicals More than 95% say that algae derived plastics or chemicals wil be commercial y available. How likely is it that cost-competitive bioplastics or biochemicals derived from algae wil be commercially available by 2020? Unlikely; 4% Extremely likely; 13% Slightly likely; 13% Very likely; 34% Moderately likely; 35%
Capacity Continues to Expand • Production expansion is predicted; More than 70% of producers expect to expand production this year. • 29% said they would expand with new facilities. • 29% reported expansion in existing facilities.
Types of Jobs in Algae Industry • Executives • Scientists and researchers • Marketers and salespeople • Administrative, legal, human resources • Operations and production • Financing • Customer support • Student • Professor
Continued Job Growth Ahead To the best of your knowledge, approximately how many people in your organization or company (or division) are directly working (or will be working) on algae-related business at the following times?
Start of 2014 End of 2014 End of 2020 1-50 58% 49% 19% 11-50 24% 33% 28% 51-100 3% 3% 15% 101-500 5% 5% 12% 500+ 0% 0% 3% Not sure 9% 9% 20%
Supportive Policy Accelerates Growth 86% of employers say better federal policy support would accelerate hiring. Employers, how likely is it that you would accelerate hiring with better federal policy support of the algae industry? Not at all likely; 14% Extremely likely; 23% Slightly likely; 13% Moderately likely; 22%Very likely; 29%
Most Critical Technical Challenges 1. Cost-efficient production systems 2. Harvesting and extraction systems 3. Finding/developing the right strains
Top Policy Today The most important federal policies in building a robust algae industry in effect today: #1 Research and development grants #2 Tax credits and/or incentives #3 Renewable Fuel Standard
Top Policy Tomorrow The most important federal policies in building a robust algae industry not in effect today: #1 Regulatory approvals for algae-derived products #2 Regulatory approvals for siting facilities #3 Climate legislation