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ASA calls for extension of $1 biodiesel tax credit

The American Soybean Association (ASA) emphasises the industry's support for the establishment...
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Jamaica ramps up biofuel efforts

State-owned Petroleum Corporation of Jamaica (PCJ) is weighing up the possibility of replacing...
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Norway to host world’s first fixed biofuels airport

Avinor's Oslo Gardermoen, Norway, is the first airport in the world to supply biofuels on a...
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Fuels Institute report estimates E85 sales increase

The Fuels Institute, an expert non-profit organisation, has released a study that estimates a...
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26 January 2015 - 26 January 2015
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Volume 3, Issue 6

Feature: Algae: a commercial economics perspective
Technical maturity and commercial viability of algal biofuels is a much debated topic, with estimates ranging from three years to (multiple) decades. However, most people involved in this emerging technology area agree that algal biofuel commercial economics are extremely challenging, highly variable, and subject to dynamic, speculative, and volatile commodity markets. On 3 June 2009 the US Department of Energy (DoE) released a Request for Information (RFI) that solicits comments to a draft version of DoE’s National Algal Biofuels Technology Roadmap, which provides a framework for qualifying and prioritising algae technology development objectives. Over a two-year period US-based renewable energy company Diversified Energy conducted a technical, engineering, cost, and economic model to provide a realistic baseline assessment of algal biofuel economics and the cost drivers associated with commercial-scale algae production. This can be used to prioritise research, development and commercialistion initiatives. The economic model created for this analysis includes more than 50 independent variables supported by detailed engineering specifications, commodity market data, and vendor quotes for equipment costs.


Latest Issue
Latest Issue

Volume 8, Issue 6

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