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Type: Journal article
Title: Microalgae biodiesel production in China: a preliminary economic analysis
Author: Sun, J.
Xiong, X.
Wang, M.
Du, H.
Li, J.
Zhou, D.
Zuo, J.
Citation: Renewable and Sustainable Energy Reviews, 2019; 104:296-306
Publisher: Elsevier
Issue Date: 2019
ISSN: 1364-0321
Statement of
Jun Sun, Xiaoqian Xiong, Mudan Wang, Hua Du, Jintao Li, Dandan Zhou, Jian Zuo
Abstract: Despite strong governmental support, microalgae biodiesel has failed to report rapid growth in China. Thus, it is imperative to conduct an economic analysis on microalgae biodiesel so that useful inputs could be provided for policy making. The analysis is based on a model with a 100-ha production facility. In addition, a sensitivity analysis is performed in this study to determine critical factors contributing to the economic feasibility of microalgae biodiesel. Furthermore, a learning curve is employed to predict the production cost from 2019 to 2022. The production cost is estimated as USD 2.29/kg, which is significantly higher than that of commercial diesel. The findings highlight that biodiesel projects lack economic feasibility and the main barriers are microalgae productivity, annual operating days and product benefits. According to the learning curve prediction, these issues cannot be alleviated within a short period, particularly considering the limitations associated with the current policies. The study concludes with policy implications e.g. a policy system to facilitate the development of microalgae biodiesel.
Keywords: Biodiesel policy; microalgae biodiesel; economic feasibility; learning curve; microalgae productivity
Rights: © 2019 Elsevier Ltd. All rights reserved.
DOI: 10.1016/j.rser.2019.01.021
Appears in Collections:Architecture publications
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