Can We Maximize The Economic Benefits Of Microalgae Biofuel Production?
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About The Author

Amar Doshi is an analyst at the Queensland Competition Authority and an economist for The Commonwealth Scientific and Industrial Research Organisation.

                       

Can We Maximize The Economic Benefits Of Microalgae Biofuel Production?

An increasing body of research has indicated that microalgae biofuels have the potential to effectively transition society away from fossil fuels at lower economic and social costs (Doshi, Pascoe, Coglan, & Rainey, 2016). However, the current infancy of production technologies results in low cost-efficiency and the inability for the fuel to compete with fossil fuels or even existing biofuels produced from agricultural-based feedstock (e.g. corn, sugarcane, plant-based oils). Microalgae producers have therefore focused on the commercial returns of niche nutraceuticals...

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