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 Technoljournal_title
Bioresource technologyauthors
Batan LY,Graff GD,Bradley THdoi
10.1016/j.biortech.2016.07.085subject
Has Abstractpub_date
2016-11-01 00:00:00pages
45-52eissn
0960-8524issn
1873-2976pii
S0960-8524(16)31064-1journal_volume
219pub_type
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