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Ener gy Pr oduction Industries    335

               as forestry and agricultural wastes, into biofuels, such as ethanol
               and renewable diesel. The first project initiated under the alliance
               involves bio-oil reforming, a process by which bio-oils derived from
               the decomposition of biological feedstocks are then converted into
               hydrogen and biofuels.
                   In 2007, Chevron and NREL announced a second collaborative
               project—investigating technology to produce liquid transportation
               fuels using algae. This initiative seeks to identify and develop algae
               strains that can be economically harvested and processed into fin-
               ished transportation fuels such as jet fuel. Algae are considered a
               promising potential feedstock for next-generation biofuels because
               certain species contain high amounts of oil, which could be extracted,
               processed, and refined into transportation fuels using currently
               available technology. Other benefits of algae as a potential feedstock
               are their abundance and fast growth rates. Key technical challenges
               include identifying the strains with the highest oil content and
               growth rates and developing cost-effective growing and harvesting
               methods.

          References
                 1. Energy consumption data are provided by the Energy Information Administration,
                  U.S. Department of Energy.
                 2.  Per capita energy consumption data are provided by the WRI Earthtrends data-
                  base, earthtrends.wri.org.
                 3. Personal communication from Mike Long, President, Resource100, Columbus,
                  Ohio.
                 4. P. Enkvist, T. Nauclér, and J. M. Oppenheim, “Business strategies for climate
                  change,” McKinsey Quarterly, April 2008.
                 5. M. W. Chupka, R. Earle, P. Fox-Penner, and R. Hledik, “Transforming America’s
                  Power Industry: The Investment Challenge 2010–2030,” prepared by The Brattle
                  Group for the Edison Foundation, Nov. 2008.
                 6. AEP’s sustainability report is at www.aep.com/citizenship/crreport/.
                 7. More information is available at Chevron’s website, www.chevron.com.
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