The economics of producing biodiesel from algae

Brian J. Gallagher

Renewable Energy, 2011, vol. 36, issue 1, 158-162

Abstract: Biodiesel is an alternative fuel for conventional diesel that is made from natural plant oils, animal fats, and waste cooking oils. This paper discusses the economics of producing biodiesel fuel from algae grown in open ponds. There is potential for large-scale production of biodiesel from algal farms on non-arable land; however, previous studies have failed to demonstrate an economically viable process that could be scalable to a commercialized industry. The problems include inconsistent and insufficient algal productivities, uncertain capital and operating costs, volatile market prices and unknown levels of government support. Although intensive work is being done on many technological issues, the economic studies and data are incomplete and out of date. This paper presents an updated financial analysis of the production and economic conditions that could have a profound effect on the success of this important alternative fuel production process.

Keywords: Renewable fuels; Algae; Biodiesel; Economics; Net present value; Return on investment (search for similar items in EconPapers)
Date: 2011
References: View complete reference list from CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148110002727
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:36:y:2011:i:1:p:158-162

DOI: 10.1016/j.renene.2010.06.016

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().