Biofuels are the best tool for reducing the carbon footprint of industries like aviation and shipping, but modern biofuels cause deforestation and rely on agricultural resources. The most sustainable and scalable form of biofuel is made from algae, photosynthetic microorganisms at the base of every food chain.
Phycobloom is using synthetic biology to create algae produce oil more efficiently and cheaply. They are currently building our prototype with which we will secure their IP. This IP will then be licensed to algae farmers, giving them access to a market which is in excess of £50B.