A very interesting article about Algae Biofuels Economic Viability by Jeff H. Hassannia, Vice President, Business Development Diversified Energy Corporation.
Key points are:
Large-scale commercial algae ventures focused solely on biofuels will have a VERY difficult time overcoming capital and O&M cost hurdles required of the marketplace for quite some time.
The government and private enterprise must continue to focus on R&D to reduce costs and enhance yields. Comprehensive, logical, and focused R&D needs to be put in place.
The industry (today) should focus on business models that grow algae for other high-value products, with biofuels production as a secondary product until the market fully matures.
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