Economic assessment of microbial biodiesel production using heterotrophic yeasts

ABSTRACT

The production of biodiesel using oleaginous microorganisms is investigated as promising alternative to produce a truly sustainable and renewable transportation fuel. While the feasibility of this approach has been shown on the laboratory scale, a commercial scale implementation is to date inhibited due to economic restraints. In order to evaluate the current cost situation and to develop suggestions to reduce production related costs, a simple cost analysis of the proposed microbial oil production process has been carried out. For closed fermentation in large-scale fermenters a break-even price of 2,350 US$ t^–1 for microbial oil was calculated. In the context of a sensitivity analysis it was shown that especially alterations in capital cost can lead to overall cost reductions. Accordingly, an open pond cultivation approach was designed, cutting the cost for equipment almost in half and decreasing the break-even price to 1,723 US$ t^–1. However, these reductions are only feasible when stable biomass and lipid yields can be ensured in open-pond systems, because the sensitivity analysis identified these yield parameters as leading factors influencing the break-even price. Even under very optimistic assumptions, it was not possible to reduce the break-even price below that of conventional plant oils as competitive products. Therefore, economic feasibility of the process will probably only occur if on one hand considerable technical development and efficiency improvements of the production process are made while on the other hand plant and crude oil prices are continuously increasing.

KEYWORDS:

• Biodiesel
• cost analysis
• economics
• large scale cultivation
• yeasts

Notes

¹ Especially in Anglophone literature there is some discontinuity regarding the usage of the terms “ton” and “tonne” as reference values. Whereas “tonne” refers to the metric ton (≅ 1000 kg), the term “ton” refers to the American short ton (≅ 2000 lb ≈ 907.18 kg). The abbreviation “t” applies to a metric ton.