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Carbon Utilization

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Carbon Utilization ( carbon-utilization )

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TABLE 3: Potential microalgae products and prices PRODUCT SUBSTITUTE PRICE UNIT Biodiesel Bio-ethanol Bio-methane (fuel) Bio-jet fuel Electricity Bio-methane (electricity) Biofertilizers Biostimulants Biopesticides Bioplastics Food Beta-carotene Omega-3 polyunsaturated fatty acids Aquaculture Livestock Feed Feed additives Diesel Gasoline Liquefied petroleum gas Jet fuel Fossil energy Natural gas Synthetic fertilizers Growth promoters Synthetic pesticides Fossil based plastics Proteins, carbohydrates, oils Synthetic/natural Fish Fishmeal/fish oil Soybean meal Botanicals, antibiotics $2.27 USD/gal $3.96 USD/gal $1.92 USD/gal $2.49 USD/gal $0.13-$0.21 USD/kWh $0.05-$0.06 USD/kWh $0.25-$0.63 USD/kg $37.50-$312.50 USD/kg $5.00 USD/acre $1.75 USD/kg $50.00 USD/kg $275.00-$2750.00 USD/kg $50.00 USD/g $68.75-$625.00 USD/kg $300.00 USD/tonne $20.00 USD/kg Source: Adapted from http://bioenergykdf.net/billionton2016/overview A potentially significant long-term product pathway associated with algal uptake of CO2 is the production of fuels—which is similar in some respects to the fuels production pathways previously described. Fuels can be produced from algae through whole biomass conversion techniques such as hydrothermal liquefaction, through lipid extraction or through fermentation of carbohydrates. Some strains of algae, such as certain cyanobacteria, are capable of excreting fuel or fuel precursors, eliminating the need for extraction or conversion. EPA analyses of algae-based fuel pathways under the federal Renewable Fuel Standard (RFS) program found greenhouse gas reductions of 69-85 percent on a full lifecycle basis versus petroleum-based alternatives. Algae- based renewable diesel is also approved by EPA under the RFS as a qualified advanced biofuel with lifecycle greenhouse gas emissions reductions of greater than 50 percent versus petroleum-based diesel.22 In addition, several very high-value algae-derived nutraceuticals (dietary supplements) such as astaxanthin and betacarotene, already have small but well-established and growing markets with values that can exceed $1 mil- lion per ton of product.23 Animal feed and feed ingredients are also signifi- cant markets for algae-based products—particularly aquafeeds for fish and shellfish. CO2-based algae are effective substitutes for traditional wild fish sources of nutrients because they can serve as the base of the ma- rine food chain that many fish meal species rely on. Bloomberg estimates the potential market size for fish feed is $9 billion and for livestock feed is $370 billion and expected to grow up to 40 percent in the next 20 years.24 CARBON UTILIZATION—A VITAL AND EFFECTIVE PATHWAY FOR DECARBONIZATION 15

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