With oil prices reaching $105 a barrel for the first time since 2008, the biofuel industry is looking more attractive every day. As global demand rises and petroleum supplies diminish, countries are turning to algae for energy security.
In smaller countries, like Croatia, where oil demand is low, and emission standards are poor, algae biofuel has the potential to significantly reduce reliance on foreign oil.
CCRES ALGAE TEAM
Biodiesel from Microalgae
The oil from the algae can be used for any combustion process. An even wider range of use for algae oil is obtained by the transesterification to biodiesel. This biodiesel can be blended with fossil diesel or can be directly driven as pure biodiesel B100.
Biodiesel from microalgae has a comparable quality as rapeseed methyl ester and meets the standard EN 14214. At biodiesel production about 12% glycerin is produced as a by-product. This glycerin is a valuable resource for the production of algae in closed ponds, the heterotrophic processes. Thus, the entire algae oil can be used as fuel.
Algae provide a natural solution for the expanding fishing industry:
High-protein fish food
Replacement for existing fish meal production
Algae have nutrients of many young fishes available
The fishing industry recorded an annual growth of over 10% and, according to experts, will beat the global beef consumption in 2015.
The Technology developed by CCRES offers the opportunity to deliver part of the needed proteins for fish farming on the resulting algal biomass.
Protein for the food industry
The demand for high-quality protein for the food industry has been growing rapidly over the years.
The big growth opportunities are:
Fitness and Sports Nutrition
The market volume in the protein sector is continously growing and at the rate of US $ 10.5B in 2010 and according to experts, will steadily increase to approx. $25B until 2030.
“There is intense interest in algal biofuels and bioproducts in this country and abroad, including in US,Australia, Chile, China, the European Union, Japan, Korea, New Zealand, and others,” says Branka Kalle, President of Council Croatian Center of Renewable Energy Sources (CCRES).
Advantages algae has over other sources may make it the world’s favored biofuel. Algae could potentially produce over 20 times more oil per acre than other terrestrial crops.Algae avoids many of the environmental challenges associated with conventional biofuels.Algae does not require arable land or potable water, which completely avoids competition with food resources.
“The Asia Pacific region has been culturing algae for food and pharmaceuticals for many centuries, and these countries are eager to use this knowledge base for the production of biofuels,”says Zeljko Serdar, President of CCRES.Without sustained high prices at the pump, investment in algae will likely be driven by demand for other products. In the short term, the growth of the industry will come from governments and companies seeking to reduce their environmental impact through carbon collection.
CCRES ALGAE TEAM
Croatian Center of Renewable Energy Sources (CCRES)