microalge based fuel is estimated to be economic for crude petroleum sell higher than 100 USD per barrel although the alga r not in yet economic feasibility, there are many companies of USA, Europe and other region of the word that is producing alga fuels at commercial scale ; is several algae competitive to other biofuels is $1/L . Several companies, e.g. Algenol, Sapphire Energy and Seambiotic etc. are involved in commercial scale production of bioethanol with in, Sapphire Energy and Seambiotic etc. are involved in commercial scale production of bioethanol with output 1 billion gallons/year cost.g. Algenol, Sapphire Energy and Seambiotic etc. are involved in commercial scale production of bioethanol with output 1 billion gallons/year costing at 85 cents/l .
Microalgae based fuels are estimated to be economical for crude petroleum sell higher than 100 USD per barrel . Although the algal biofuels are not yet economically feasible, there are many companies in USA, Europe and other regions of the word that are producing algal fuels at commercial scale . According to the TEA model biodiesel from algal biomass below $5/gallon gasoline equivalent and bioethanol at the cost $2.95/gal are economically viable . Some studies suggested the feasible and economically viable price of algae competitive to other biofuels is $1/L . Several companies, e.g. Algenol, Sapphire Energy and Seambiotic etc. are involved in commercial scale production of bioethanol with output 1 billion gallons/year costing at 85 cents/l .