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- All Subjects: Techno-economic analysis
- Creators: Allenby, Braden R.
- Creators: Barr, William James
Description
To date, the production of algal biofuels is not economically sustainable due to the cost of production and the low cost of conventional fuels. As a result, interest has been shifting to high value products in the algae community to make up for the low economic potential of algal biofuels. The economic potential of high-value products does not however, eliminate the need to consider the environmental impacts. The majority of the environmental impacts associated with algal biofuels overlap with algal bioproducts in general (high-energy dewatering) due to the similarities in their production pathways. Selecting appropriate product sets is a critical step in the commercialization of algal biorefineries.
This thesis evaluates the potential of algae multiproduct biorefineries for the production of fuel and high-value products to be economically self-sufficient and still contribute to climate change mandates laid out by the government via the Energy Independence and Security Act (EISA) of 2007. This research demonstrates:
1) The environmental impacts of algal omega-3 fatty acid production can be lower than conventional omega-3 fatty acid production, depending on the dewatering strategy.
2) The production of high-value products can support biofuels with both products being sold at prices comparable to 2016 prices.
3) There is a tradeoff between revenue and fuel production
4) There is a tradeoff between the net energy ratio of the algal biorefinery and the economic viability due to the lower fuel production in a multi-product model that produces high-value products and diesel vs. the lower economic potential from a multi-product model that just produces diesel.
This work represents the first efforts to use life cycle assessment and techno-economic analysis to assess the economic and environmental sustainability of an existing pilot-scale biorefinery tasked with the production of high-value products and biofuels. This thesis also identifies improvements for multiproduct algal biorefineries that will achieve environmentally sustainable biofuel and products while maintaining economic viability.
This thesis evaluates the potential of algae multiproduct biorefineries for the production of fuel and high-value products to be economically self-sufficient and still contribute to climate change mandates laid out by the government via the Energy Independence and Security Act (EISA) of 2007. This research demonstrates:
1) The environmental impacts of algal omega-3 fatty acid production can be lower than conventional omega-3 fatty acid production, depending on the dewatering strategy.
2) The production of high-value products can support biofuels with both products being sold at prices comparable to 2016 prices.
3) There is a tradeoff between revenue and fuel production
4) There is a tradeoff between the net energy ratio of the algal biorefinery and the economic viability due to the lower fuel production in a multi-product model that produces high-value products and diesel vs. the lower economic potential from a multi-product model that just produces diesel.
This work represents the first efforts to use life cycle assessment and techno-economic analysis to assess the economic and environmental sustainability of an existing pilot-scale biorefinery tasked with the production of high-value products and biofuels. This thesis also identifies improvements for multiproduct algal biorefineries that will achieve environmentally sustainable biofuel and products while maintaining economic viability.
ContributorsBarr, William James (Author) / Landis, Amy E. (Thesis advisor) / Westerhoff, Paul (Thesis advisor) / Rittmann, Bruce (Committee member) / Khanna, Vikas (Committee member) / Arizona State University (Publisher)
Created2016
Description
As the global community raises concerns regarding the ever-increasing urgency of climate change, efforts to explore innovative strategies in the fight against this anthropogenic threat is growing. Along with other greenhouse gas mitigation technologies, Direct Air Capture (DAC) or the technology of removing carbon dioxide directly from the air has received considerable attention. As an emerging technology, the cost of DAC has been the prime focus not only in scientific society but also between entrepreneurs and policymakers. While skeptics are concerned about the high cost and impact of DAC implementation at scales comparable to the magnitude of climate change, industrial practitioners have demonstrated a pragmatic path to cost reduction. Based on the latest advancements in the field, this dissertation investigates the economic feasibility of DAC and its role in future energy systems. With a focus on the economics of carbon capture, this work compares DAC with other carbon capture technologies from a systemic perspective. Moreover, DAC’s major expenses are investigated to highlight critical improvements necessary for commercialization. In this dissertation, DAC is treated as a backstop mitigation technology that can address carbon dioxide emissions regardless of the source of emission. DAC determines the price of carbon dioxide removal when other mitigation technologies fall short in meeting their goals. The results indicate that DAC, even at its current price, is a reliable backup and is competitive with more mature technologies such as post-combustion capture. To reduce the cost, the most crucial component of a DAC design, i.e., the sorbent material, must be the centerpiece of innovation. In conclusion, DAC demonstrates the potential for not only negative emissions (carbon dioxide removal with the purpose of addressing past emissions), but also for addressing today’s emissions. The results emphasize that by choosing an effective scale-up strategy, DAC can become sufficiently cheap to play a crucial role in decarbonizing the energy system in the near future. Compared to other large-scale decarbonization strategies, DAC can achieve this goal with the least impact on our existing energy infrastructure.
ContributorsAzarabadi, Habib (Author) / Lackner, Klaus S (Thesis advisor) / Allenby, Braden R. (Committee member) / Dirks, Gary W (Committee member) / Reddy, Agami (Committee member) / Arizona State University (Publisher)
Created2020