GreenFuel Tech for Oil from Algae not Viable Until Oil Price of 800$ per Barrel

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A Research Paper that Says GreenFuel Method to produce Oil from Algae will Work Only at Oil @ $800 per barrel

This is a paper by a researcher Krassan Dimitrov which essentially says algal oil methods, as proposed by the industry pioneer GreenFuel Technologies of the USA, simply is not cost-effective.

This report shows that GreenFuel’s method will not be economically feasible, even if the company achieves spectacular progress in development of its technology. Fundamental thermodynamic constrains make it impossible for such approach to be commercially viable for fuel prices below $800/bbl, even if flawless technological implementation is assumed. Since other technologies offer alternative options at substantially lower costs, GreenFuel’s approach cannot be expected to have a significant place in our future energy supply or carbon mitigation strategy.

Full report here (PDF) - written in Mar 2007

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