First Principles of Techno-Economic Analysis of Algal Mass Culture

C. Meghan Downes; Qiang Hu

doi:10.1002/9781118567166.ch15

First Principles of Techno-Economic Analysis of Algal Mass Culture

C. Meghan Downes, Qiang Hu

Agribusiness, Morrison School of

Research output: Chapter in Book/Report/Conference proceeding › Chapter

7 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 language	English (US)
Title of host publication	Handbook of Microalgal Culture: Applied Phycology and Biotechnology
Publisher	John Wiley and Sons
Pages	310-326
Number of pages	17
ISBN (Print)	9780470673898
DOIs	https://doi.org/10.1002/9781118567166.ch15
State	Published - Apr 12 2013

Keywords

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

ASJC Scopus subject areas

General Agricultural and Biological Sciences

Access to Document

10.1002/9781118567166.ch15

Cite this

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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",

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AB - 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

KW - Algae

KW - Assessment

KW - CAPEX

KW - Economics

KW - Financial

KW - OPEX

KW - Profit

KW - Spirulina platensis

KW - Techno-economic assessment

KW - Viability

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BT - Handbook of Microalgal Culture: Applied Phycology and Biotechnology

PB - John Wiley and Sons

ER -

First Principles of Techno-Economic Analysis of Algal Mass Culture

Abstract

Keywords

ASJC Scopus subject areas

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