A financial assessment of two alternative cultivation systems and their contributions to algae biofuel economic viability

	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, Xuezhi 2; Zemke, Peter 2; Chen, Wei 3; Hu, Qiang 2
刊名	ALGAL RESEARCH-BIOMASS BIOFUELS AND BIOPRODUCTS
	2014-04-01
卷号	4 页码:96-104
关键词	Photobioreactor Open raceway ponds Cost of production Monte Carlo simulation Farm-level Algae Model (FARM) Net cash income
ISSN号	2211-9264
英文摘要	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/).
WOS标题词	Science & Technology ; Life Sciences & Biomedicine
类目[WOS]	Biotechnology & Applied Microbiology
研究领域[WOS]	Biotechnology & Applied Microbiology
关键词[WOS]	MICROALGAE ; PHOTOBIOREACTOR ; BIODIESEL
收录类别	SCI
语种	英语
WOS记录号	WOS:000339979600013
内容类型	期刊论文
源URL	[http://ir.ihb.ac.cn/handle/342005/23814]
专题	水生生物研究所_藻类生物技术和生物能源研发中心_期刊论文
作者单位	1.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
推荐引用方式 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.