Burack told Kate Stalter in an interview that people should add some advanced biofuels companies to their watch list and listed Amyris, Ceres, Sapphire Energy, Solazyme and OriginOil as examples. “These types of companies have very big investors stocking themâ€, he said.
Burack is one of the founders of Wall Street for Main Street and he was discussing how these companies are currently undervalued despite “improving fundamentalsâ€. He said that “some of these companies just continue to get more undervalued ….the fundamentals have actually improved in the last six to eight months. More good news has come out….More positive things have come out with some of these resource companies, and they have expanded the resources greatly, and the stock price has gone down.â€
More specifically on algae, Burack commented: “Algae are just something that’s very important. Most people don’t realize this, but all petroleum really is—the majority of petroleum—is fossilized algae…..They can grow algae and have it mature in only a few days, and they can turn it into oil and turn it into bioplastics without fossilizing it……What took Mother Nature millions of years, they can do in the lab in a few days.â€
OriginOil CEO Roggs Eckelberry was more than happy with the mention and said:
“We’re rapidly cementing our unique role in next-generation algae harvesting. As a result, we’re being highlighted here with much larger companies that have famous backers like Warren Buffett, Vinod Khosla and Bill Gates. As our technology develops we can expect to see more corporations and investors take note of our position in the market.”
What do you think of algae as raw material for biofuel? As an investor do you think investing in algae biodiesel is a good financial move?
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