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A financial assessment of two alternative cultivation systems and their contributions to algae biofuel economic viability
Richardson, James W.1; Johnson, Myriah D.1; Zhang, Xuezhi2; Zemke, Peter2; Chen, Wei3; Hu, Qiang2
2014-04-01
Source PublicationALGAL RESEARCH-BIOMASS BIOFUELS AND BIOPRODUCTS
ISSN2211-9264
Volume4Pages:96-104
AbstractThe 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/).
SubtypeArticle
KeywordPhotobioreactor Open Raceway Ponds Cost Of Production Monte Carlo Simulation Farm-level Algae Model (Farm) Net Cash Income
DOI10.1016/j.algal.2013.12.003
WOS HeadingsScience & Technology ; Life Sciences & Biomedicine
Indexed BySCI
Language英语
WOS Research AreaBiotechnology & Applied Microbiology
WOS SubjectBiotechnology & Applied Microbiology
WOS IDWOS:000339979600013
WOS KeywordMICROALGAE ; PHOTOBIOREACTOR ; BIODIESEL
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Document Type期刊论文
Identifierhttp://ir.ihb.ac.cn/handle/342005/23814
Collection藻类生物技术和生物能源研发中心_期刊论文
Affiliation1.Texas A&M Univ, Dept Agr Econ, Agr & Food Policy Ctr, College Stn, TX 77843 USA
2.Arizona State Univ, Coll Technol & Innovat, Lab Algae Res & Biotechnol, Mesa, AZ 85212 USA
3.Chinese Acad Sci, Inst Hydrobiol, Wuhan 430072, Hubei, Peoples R China
Recommended Citation
GB/T 7714
Richardson, James W.,Johnson, Myriah D.,Zhang, Xuezhi,et al. A financial assessment of two alternative cultivation systems and their contributions to algae biofuel economic viability[J]. ALGAL RESEARCH-BIOMASS BIOFUELS AND BIOPRODUCTS,2014,4:96-104.
APA Richardson, James W.,Johnson, Myriah D.,Zhang, Xuezhi,Zemke, Peter,Chen, Wei,&Hu, Qiang.(2014).A financial assessment of two alternative cultivation systems and their contributions to algae biofuel economic viability.ALGAL RESEARCH-BIOMASS BIOFUELS AND BIOPRODUCTS,4,96-104.
MLA Richardson, James W.,et al."A financial assessment of two alternative cultivation systems and their contributions to algae biofuel economic viability".ALGAL RESEARCH-BIOMASS BIOFUELS AND BIOPRODUCTS 4(2014):96-104.
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