Mary Rosenthal, Executive Director of the Algal Biomass Organization, the trade association for the U.S. algae industry, has released the following statement on President Obama's recent speech on energy policy:

"On behalf of the U.S. algae industry, I want to thank President Obama for his forceful support of domestic biofuels. The President has called for increased production of domestic fuels, something our industry is well positioned to do. Our members are creating sustainable, scalable and long-term supplies of oil for petroleum, ethanol, diesel and jet fuel.

"The major difference is that our oil 'wells' are located aboveground, never need drilling and never run dry. As our industry grows, we will create thousands of jobs in nearly every state in the U.S., drive economic development, and provide a long term supply of domestic oils for military and consumer use.

"The success the armed forces and others have had with biofuels, including those made from algae, is an important indicator of the impact our industry will have in the coming years. We look forward to working with our member companies, the Obama administration, the Department of Defense, Department of Energy and U.S. Department of Agriculture to accelerate development and commercialization of biofuels made from algae."