First Principles of Techno-Economic Analysis of Algal Mass Culture

C. Meghan Downes, Qiang Hu

Research output: Chapter in Book/Report/Conference proceedingChapter

6 Scopus citations

Abstract

Assessing the viability of an algae-based business or algal technology requires understanding the inter-relationships between technology and economics. This has been termed techno-economic analysis (TEA) and is a set of methods for quantifying the profit or loss potential of a firm based on the underlying technology used by the firm. This chapter provides a framework for analysis and guides readers through the essential elements of constructing a best practice TEA. The chapter presents the underlying economic framework used in TEA, and then details the construction of a TEA for a firm producing Spirulina for nutraceuticals in order to illustrate how to build a TEA and derive the calculations required to assess the profit potential of a firm. This edition first published 2013

Original languageEnglish (US)
Title of host publicationHandbook of Microalgal Culture: Applied Phycology and Biotechnology
PublisherJohn Wiley and Sons
Pages310-326
Number of pages17
ISBN (Print)9780470673898
DOIs
StatePublished - Apr 12 2013

Keywords

  • Algae
  • Assessment
  • CAPEX
  • Economics
  • Financial
  • OPEX
  • Profit
  • Spirulina platensis
  • Techno-economic assessment
  • Viability

ASJC Scopus subject areas

  • Agricultural and Biological Sciences(all)

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  • Cite this

    Meghan Downes, C., & Hu, Q. (2013). First Principles of Techno-Economic Analysis of Algal Mass Culture. In Handbook of Microalgal Culture: Applied Phycology and Biotechnology (pp. 310-326). John Wiley and Sons. https://doi.org/10.1002/9781118567166.ch15