Financial tradeoffs of energy and food uses of algal biomass under stochastic conditions

Financial tradeoffs of energy and food uses of algal biomass under stochastic conditions Applied Energy 210 (2018) 591–603 Contents lists available at ScienceDirect Applied Energy journal homepage: www.elsevier.com/locate/apenergy Financial tradeoffs of energy and food uses of algal biomass under stochastic conditions a, b a a a Michael J. Walsh , Léda Gerber Van Doren , Nilam Shete , Akshay Prakash , Usama Salim Center for Integration of Science & Industry, Bentley University, Waltham, MA 02452, USA College of Agriculture, Forestry & Natural Resource Management, University of Hawai’i Hilo, Hilo, HI 96720, USA HIGHLIGHTS Stochastic financial analysis of algal food and energy pathways. Fishmeal substitute outperforms all other product options, even under uncertainty. Fuel and crop substitutes require reductions in CAPEX and OPEX to be viable. Multimodal strategies increase product revenue, but high CAPEX lowers returns. The impacts of several technology, economic and policy scenarios are explored. ARTICLE I NFO ABSTRACT Keywords: The industrial cultivation of microalgae can produce oil and protein rich biomass at areal yields higher than Algae those of conventional agriculture. Given that algae has been demonstrated as both a potential biofuel and a food New food technology product, it is important to consider the environmental and economic tradeoffs associated with these uses. Here Biofuels we evaluate the financial value http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Applied Energy Elsevier

Financial tradeoffs of energy and food uses of algal biomass under stochastic conditions

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Publisher
Elsevier
Copyright
Copyright © 2017 Elsevier Ltd
ISSN
0306-2619
D.O.I.
10.1016/j.apenergy.2017.08.060
Publisher site
See Article on Publisher Site

Abstract

Applied Energy 210 (2018) 591–603 Contents lists available at ScienceDirect Applied Energy journal homepage: www.elsevier.com/locate/apenergy Financial tradeoffs of energy and food uses of algal biomass under stochastic conditions a, b a a a Michael J. Walsh , Léda Gerber Van Doren , Nilam Shete , Akshay Prakash , Usama Salim Center for Integration of Science & Industry, Bentley University, Waltham, MA 02452, USA College of Agriculture, Forestry & Natural Resource Management, University of Hawai’i Hilo, Hilo, HI 96720, USA HIGHLIGHTS Stochastic financial analysis of algal food and energy pathways. Fishmeal substitute outperforms all other product options, even under uncertainty. Fuel and crop substitutes require reductions in CAPEX and OPEX to be viable. Multimodal strategies increase product revenue, but high CAPEX lowers returns. The impacts of several technology, economic and policy scenarios are explored. ARTICLE I NFO ABSTRACT Keywords: The industrial cultivation of microalgae can produce oil and protein rich biomass at areal yields higher than Algae those of conventional agriculture. Given that algae has been demonstrated as both a potential biofuel and a food New food technology product, it is important to consider the environmental and economic tradeoffs associated with these uses. Here Biofuels we evaluate the financial value

Journal

Applied EnergyElsevier

Published: Jan 15, 2018

References

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