Techno-economic and Monte Carlo probabilistic analysis of microalgae biofuel production system.

Abstract:

:This study focuses on the characterization of the technical and economic feasibility of an enclosed photobioreactor microalgae system with annual production of 37.85 million liters (10 million gallons) of biofuel. The analysis characterizes and breaks down the capital investment and operating costs and the production cost of unit of algal diesel. The economic modelling shows total cost of production of algal raw oil and diesel of $3.46 and $3.69 per liter, respectively. Additionally, the effects of co-products' credit and their impact in the economic performance of algal-to-biofuel system are discussed. The Monte Carlo methodology is used to address price and cost projections and to simulate scenarios with probabilities of financial performance and profits of the analyzed model. Different markets for allocation of co-products have shown significant shifts for economic viability of algal biofuel system.

journal_name

Bioresour Technol

journal_title

Bioresource technology

authors

Batan LY,Graff GD,Bradley TH

doi

10.1016/j.biortech.2016.07.085

subject

Has Abstract

pub_date

2016-11-01 00:00:00

pages

45-52

eissn

0960-8524

issn

1873-2976

pii

S0960-8524(16)31064-1

journal_volume

219

pub_type

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