Showing posts with label process economics. Show all posts
Showing posts with label process economics. Show all posts

Dec 19, 2008

X-Algae: Mutant algae for biofuel production?



Chlorophyll A structure showing the central magnesium atom in green, nitrogen in blue, oxygen in red, carbon in black and hydrogen in white. Image credits: Wikipedia


Researchers have found that genetic truncation of the size of chlorophyll arrays in algae leads to higher photosynthetic algal yields, by increasing light absorption/mass of algae. This article is available online. M. Mitra and A. Melis, "Optical properties of microalgae for enhanced biofuels production," Opt. Express 16, 21807-21820 (2008).

"Abstract: Research seeks to alter the optical characteristics of microalgae in order to improve solar-to-biofuels energy conversion efficiency in mass culture under bright sunlight conditions. This objective is achieved by genetically truncating the size of the light-harvesting chlorophyll arrays that serve to absorb sunlight in the photosynthetic apparatus."
Nature optimizes each algae to maximize its light absorption to survive in the wild. However, the large size of these light-absorbing chlorophyll arrays leads to sub-optimal light utilization when growing algae for biofuel production, because light has to be distributed as far as possible in the growth medium to ensure optimal light utilization and increased yields per unit time per unit area. When grown in the mass culture, the mutant algae evolved oxygen at a 2 to 3-fold higher rate compared to the wild-unmodified algae, indicating potential algal biofuel yield increases of 100% to 200%.

Implications for algal biofuel production:
Previous posts (yields, CO2 capture, economics) on this blog have focused on various aspects of algal biofuel production. Because algal yields significantly influence the economics, increasing the light absorption per unit volume in the algal growth medium would lead to accelerated commercialization.

Read More...

Nov 9, 2008

Analysis: Algae for CO2 capture - II





I evaluate the process economics of algal CO2 capture from cement plant, using the GreenFuel Holcim facility mentioned in a previous post. Internal rates of return (IRR) and payback periods for various scenarios are presented. As shown in the above figure, both increased yields as well as higher oil prices significantly influence the economics of algal CO2 capture.

Base case
Capital expenditure: 92 million $, CO2 fixed: 50,000 T/year (2011).
Algal oil production: 1.3 million gal/year.
Cost algal oil: 4 $/gal.
Price of CO2 offsets: 20 $/T CO2.
Timeline considered for IRR calculations: 10 years.

The rest of the scenarios are explained in the figure. Doubling the yields (and CO2 captured) does increase the IRR and lower the payback periods more than doubling the oil prices (mentioned in my last post). Moreover, CO2 trading plays only a minor role by itself, but results in higher IRRs and lower payback periods when considered along with other possibilities. The highest IRR and lowest payback occur when both yields as well as the oil prices are significantly higher than in the base case scenario.

Read More...

 
The Energy Webring