The report provides a basic overview of the including definitions, classifications, applications and market chain structure. The DHA Algae Oil Market analysis is provided for the international Market including development history, competitive landscape analysis, and major regions’ development status.
The production cost of the algal oil depends on many factors such as the yield of biomass from the culture system, the oil content, the scale of production systems, and the cost of recovering oil from algal biomass. Currently, algal oil production is still far more expensive than petroleum diesel fuels. For example, Chisti (2007) estimated the production cost of algae oil from a photobioreactor with an annual production capacity of 10,000 tons per year. Assuming the oil content of the algae to be around 30 percent, the author determined a production cost of $2.80/L ($10.50/gallon) of algal oil. This estimation did not include the costs of converting algal oil to biodiesel, or the distribution and marketing cost for biodiesel and taxes. At the same time, the petroleum diesel price was $2.00 to $3.00 per gallon.
ANDREAKISSACK: Massive open ponds havelong been considered the cheapest way to grow algae for biofuels. But oil usedto be so cheap, it just wasn't worth the effort. Well, that era's over, andalgae oil companies like Bob Walsh's Aurora Biofuels are up to their knees inopen algae ponds again.