A financial assessment of two alternative cultivation systems and their contributions to algae biofuel economic viability
By James W. Richardson, M. Johnson, Xuezhi Zhang, P. Zemke, Wei Chen, Q. Hu. 2014
213 citations recorded by the source corpus.
The Farm-level Algae Risk Model (FARM) is used to simulate the economic feasibility and probabilistic cost of biomass and bio-crude oil production for two projected algae farms. The two farms differ in their cultivation system: an open raceway pond (ORP) and a photobioreactor (PBR). The economic analysis incorporates production, price, and financial risks the farms will likely face over a 10-year period. Current technology for both cultivation systems is assumed with an emphasis on the differences in biomass production, lipid content, culture crashes, and dewatering and extraction costs. Results of the analysis indicated that with current prices and technology neither cultivation system offers a reasonable probability of economic success. The total costs of production for crude bio-oil is 109 $ gal(-1) +/- 45 ((x) over bar,sigma) for an ORP and 77 gal(-1) +/- 25 ((x) over bar, sigma) for a PBR. Further analysis revealed that for every 1% increase in biomass production annual net cash income is increased 0.21% for an ORP and 0.10% for a PBR. (C) 2013 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/3.0/).
Subfields: Biomedical Engineering, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/e49022828e84f5c39f5024f6a00eb006fb9625bb
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Citations in the corpus
- Long-Term Cultivation of Algae in Open-Raceway Ponds: Lessons from the Field (2015, unknown): “33 Unfortunately, while the principles of agronomic practices for algae cultivation appear to be universal, the specific operating parameters (i.e, low vs. high depth, low vs. high mixing, density range for optimal pond productivity, etc.) are strain specific.”
- Process Design and Economics for the Production of Algal Biomass: Algal Biomass Production in Open Pond Systems and Processing Through Dewatering for Downstream Conversion (2016, background): “Literature scan demonstrating variability in estimated cost of algal biomass and bio-oil, differentiating between “current performance” versus “future projections” [7,8,10,12-22]”