Techno-economic and Monte Carlo probabilistic analysis of microalgae biofuel production system.
Bioresource Technology（2016）
Abstract
•Microalgal oil production cost reaches $3.46 per liter.•System can range widely from high profits to low competitiveness on biofuel market.•Co-products have strong influence on microalgal diesel prices.•Microalgal system has more market flexibility than traditional energy markets.
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Key words
Microalgae,Biofuel,Closed photobioreactor,Economics,Feasibility,Modelling,Production cost,Monte Carlo simulation
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