Techno-economic analysis of autotrophic microalgae for fuel production

It is well-established that microalgal-derived biofuels have the potential to make a significant contribution to the US fuel market, due to several unique characteristics inherent to algae. Namely, autotrophic microalgae are capable of achieving very high efficiencies in converting solar energy into biomass and oil relative to terrestrial oilseed crops, while at the same time exhibiting great flexibility in the quality of land and water required for algal cultivation. These characteristics allow for the possibility to produce appreciable amounts of algal biofuels relative to today’s petroleum fuel market, while greatly mitigating “food-versus-fuel” concerns. However, there is a wide lack of public agreement on the near-term economic viability of algal biofuels, due to uncertainties and speculation on process scale-up associated with the nascent stage of the algal biofuel industry.