The National Algae Association announces its Algae Commercialization Business Roundtable, Research, and Networking Forum. Algae oil production companies, algae researchers and algaeprenuers will present leading-edge technologies for commercialization of the "new oil". The NAA brings companies and researchers together to share ideas and exchange information to overcome technological hurdles and commercialize this fast growing renewable oil industry.

Current high oil prices, the collapse of food-for-fuel initiatives and concerns about increased levels of CO2 emissions in the atmosphere have all created awareness of the need for alternative fuel solutions. Algae has emerged as one of the lowest cost feedstocks for the biofuels and cellulosic industries. Algae is considered to be a promising source of renewable oil which can be processed and refined into a variety of transportation fuels.