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Italy to mandate advanced biofuels from 2018

Italy has become the first member of the European Union to mandate the use of renewable fuel...
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REG announces developments at two US plants

Renewable Energy Group (REG) has finished upgrades to its 30 MMgy biodiesel biorefinery in Mason...
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Evogene expands crop protection activities at Israel facility

Evogene, specialists in the improvement of crop productivity and economics for the food, feed...
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Enerkem teams up with 3 Chinese companies

Enerkem has made three separate announcements relating to development plans in...
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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.


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Volume 8, Issue 5

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