A Monte Carlo simulation model for a commercial-scale microal- gae farm in the US desert Southwest was developed and used to compare costs of producing algal oil with two levels of tech- nology. Ranges of input and output coefficients in the microal- gae literature were used to simulate a farm using conventional wisdom regarding production and extraction. An alternative sce- nario was simulated using experimental data for an actual microalgae farm in the Southwest. The total costs of algal oil ranged from $0.85 to $3.67/pound, with an average of $1.61 (with by-product credits) for the conventional wisdom input/out- put coefficients. The costs using the test farms coefficients ranged from $0.15 to $0.45/pound, with a mean of $0.25 (with by-product credits). Improvements in algae strains, feeding, CO2 efficiency, and harvesting are responsible for the improved cost efficiency on the test farm.
Mendeley saves you time finding and organizing research
Choose a citation style from the tabs below