Algae Biofuel - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue, Plant Economics
|Meeting the world’s growing energy demands will require a multitude of sources. Biofuel from algae could be a meaningful part of the solution in the future because of its potential as an economically viable, low emissions transportation fuel. Algae fuel is an alternative to fossil fuel that uses algae as its source of natural deposits. Several companies and government agencies are funding efforts to reduce capital and operating costs and make algae fuel production commercially viable. Harvested algae, like fossil fuel, release CO2 when burnt but unlike fossil fuel the CO2 is taken out of the atmosphere by the growing algae. High oil prices, competing demands between foods and other biofuel sources, and the world food crisis, have ignited interest in algaculture (farming algae) for making vegetable oil, biodiesel, bioethanol, biogasoline, biomethanol, biobutanol and other biofuels, using land that is not suitable for agriculture. Among algal fuels' attractive characteristics: they can be grown with minimal impact on fresh water resources, can be produced using ocean and wastewater, and are biodegradable and relatively harmless to the environment if spilled. Algae cost more per unit mass due to high capital and operating costs, yet are claimed to yield between 10 and 100 times more fuel per unit area than other second-generation biofuel crops. ADVANTAGES OF ALGAE Biofuels from photosynthetic algae have potential benefits and advantages. • Algae can be grown using land and water unsuitable for plant or food production, unlike some other first- and second-generation biofuel feedstocks. • Select species of algae produce bio-oils through the natural process of photosynthesis — requiring only sunlight, water and carbon dioxide. • Growing algae consume carbon dioxide; this provides greenhouse gas mitigation benefits. • Bio-oil produced by photosynthetic algae and the resultant biofuel will have molecular structures that are similar to the petroleum and refined products we use today. • Algae have the potential to yield greater volumes of biofuel per acre of production than other biofuel sources. Algae could yield more than 2000 gallons of fuel per acre per year of production. Approximate yields for other fuel sources are far lower: - Palm — 650 gallons per acre per year - Sugar cane — 450 gallons per acre per year - Corn — 250 gallons per acre per year - Soy — 50 gallons per acre per year • Algae used to produce biofuels are highly productive. As a result, large quantities of algae can be grown quickly, and the process of testing different strains of algae for their fuel-making potential can proceed more rapidly than for other crops with longer life cycles. • If successful, bio-oils from photosynthetic algae could be used to manufacture a full range of fuels including gasoline, diesel fuel and jet fuel that meet the same specifications as today’s products. ALGAE BIODIESEL OPPORTUNITIES IN INDIA India is a rapidly expanding country in terms of both its population and its economy. Demographics indicate the population will grow because almost 40% of Indians are younger than 15 years of age and are likely to produce offspring. By 2050, United Nations' demographer's project that India will have added another 530 million people for a total of more than 1.5 billion. If India continues on its projected demographic path, it will overtake China by 2045, becoming the world's most populous country. Economic growth in India, as in many developing and developed countries, is currently correlated with increased energy consumption. The environmental issues often discussed in public policy debates in India arise because of two factors, the sectors responsible for energy use and where economic development is happening. Although a large proportion of Indians (approximately 70%) live in 550,000 rural villages, urbanization levels have increased consistently since 1971. The production of biodiesel in India is also attractive for several other reasons. Petroleum diesel fuel has been sold at government subsidized rates in India to keep the transport costs low and increase GDP. Currently, a litre of gasoline normally costs 2.5 times more than a litre of diesel fuel. Taking advantage of this cost differential, Indian car manufacturers have been investing heavily in the production of diesel vehicles. As such, there are a substantial number of vehicles on the road that demand diesel and would not require the relatively expensive retrofits needed to use Compressed Natural Gas (CNG). The final factor making biodiesel production in India attractive is the potential to cultivate cheap feedstocks. India's tropical climate is conducive to grow various species of micro-algae, which serves as natural benefit over other countries for the production of algal biodiesel. The micro-algae produced sufficient quantity of biodiesel to completely replace petroleum. While traditional high oil crops, such palm can produce 2000 to 2500 litre of biodiesel per acre, algae can yield 19,000-57,000 litre per acre. Hence there is a huge scope of algae biofuel in future.|
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