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 | |
| State | Published - 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)