Economic Feasibility of Commercial Algae Oil Production in the United States

Abstract

A Monte Carlo simulation model was constructed to analyze the economic feasibility of growing algae as a renewable fuel source. Increasing growth rates, pond water depth, oil content, and facility size are important for ensuring the economic viability of a commercial algae facility.algae, renewable, fuel, feedstock, microalgae, Agribusiness, Agricultural and Food Policy, Crop Production/Industries, Production Economics, Resource /Energy Economics and Policy, Risk and Uncertainty,