Ivan said (previous page)
"It seems to me that the viability of this approach needs to be considered first, in principle, rather than in practical terms."
I disagree with that. For many decades "scientists" said it was aerodynamically impossible for a bee to fly, but not knowing the laws of aerodynamics, these "outlaw" bees just did it anyway.

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I'm fully in favor of some "shoot from the hip" attemtps to apply what we do understand (or think we do) and try to improve from there.
Algae have the effect of temporarily sequestering carbon dioxide as well as being a source of liquid fuel energy to produce mobile power (motive power). That doesn't mean you get full license to burn coal or natural gas just because you use algae to "eat" your smokestack carbon dioxide, but it does mean that once you start burning algae derived biomass and algae derived liquid fuels, you are simply recycling the same carbon over and over again.
I've mentioned in another thread, but might be worth repeating here that my company has created a "competitive" design to Vertigro's plastic air matress vertical algae cultivation system. But to correct (dispute?) Ivan's suggestion that only a fraction of an inch is actually photosynthetically active in an algae growth medium, it is entirely dependant on how dense the algae culture is, since the algae is itself is the main obstacle preventing greater penetration of the light. (see press release at http://energy.psyrk.us/press/ )
However, in general, 3 to 4 inches (or 7 to 10 cm.) is usually considered to be the active "growth" zone from the "surface", but as in Vertigro's system (and ours) the "surface" is not just the horizontal area at the "top" of the liquid growth medium. Our system provides "vertical surface area" as well as the top of the tank for exposing the algae to light. Algae can adjust their own buoyancy (somewhat like fish bladders, though nothing like the same physical structures or course) to seek out light and nutrients. They also tend to "cling" to surfaces (in many species) (just watch the tide go out some time), and we use that in our processes too. Other systems tend to "fight" against this as a "bad thing" that they must overcome. Some tubular photobioreactor systems (e.g. http://www.algaelink.com/tubular_photo_bioreactor_systems.htm though I can't find the specific reference to confirm that this particular brand uses this), use beads of synthetic materials with scouring edges to clean the interior walls of the transparent tubes and prevent algae from clinging there, blocking light to the rest of the volume of the tube. Tubular systems generally either use bubbling to keep the algae moving or pumps that force the liquid (and the cell cultures) to circulate in turbulent patterns that gradually expose all cells to the optimal lighting exposure at the interface (surface). We use this natural "sticky" tendency to aid in simplifying the mechanics of harvesting the algae. We use some bubbling of gases, and can help control temperatures by varying the temperature of those gases, but we do not pump the growth medium, except to clear the tank if we need to re-start the colony in that particular tank.
Stafford "Doc" Williamson
http://energy.psyrk.us
"You can't buy the truth for nickel." Mark Twain (referring to newspapers)