Right now, we're seated with microbiologists and transport energy consultants. We are hearing about:
o R. opacus is high in palmitic and oleic acids and there are odd chain fatty acids.
o A 2.5ha demonstration plot with USD80 million investment at Kona, Hawaii with photobioreactors.
How about the economics of production? The demonstration plot at Kona shows that it's not commercially viable for biofuels - capex and opex is too high for lipid output alone (28% of the algae biomass). There is need for production of co-products - protein and carbohydrate and omega-3 fatty acids (PUFAs). With all products, revenue USd4818/MT and production cost USD1389/MT, and gross margin USD2792. From this study, the biofuel is a co-product! But costs could be lower in Asia versus this demonstration plot feasibility study (Hawaii has high costs).