Biofuels Industry: Achieved Goal of Algae Oil by Labor Day

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Discussion Overview

The discussion centers around the progress and challenges faced in the biofuels industry, specifically regarding the extraction of algae oil. Participants share experiences, technical insights, and personal anecdotes related to the cultivation and processing of algae for biofuel production. The conversation includes aspects of experimental methods, cost considerations, and the potential for scaling up production.

Discussion Character

  • Exploratory
  • Technical explanation
  • Debate/contested
  • Mathematical reasoning
  • Experimental/applied

Main Points Raised

  • One participant reports achieving the goal of extracting algae oil by Labor Day, noting that while only a small amount was extracted, tests confirm the presence of oil and that they are close to target yields.
  • There are discussions about the challenges of extraction methods, with some participants suggesting the use of pressure and solvents, while others mention the need for better equipment before investing in production presses.
  • Several participants express optimism about the scalability of the process and the potential for cost reductions in production.
  • One participant shares links to resources about algae oil, highlighting the diversity of algae species and their varying oil production capabilities.
  • Concerns are raised about the competitive nature of the biofuels field and the difficulty in obtaining specific information due to proprietary interests.
  • Participants discuss historical projections of biodiesel costs from algae, with one noting that optimistic estimates from 1998 suggest costs could be double that of petroleum, while another participant provides a more current estimate based on their own projections.

Areas of Agreement / Disagreement

Participants generally express excitement and support for the progress made in algae oil extraction, but there are multiple competing views regarding the methods of extraction, cost projections, and the scalability of the process. The discussion remains unresolved on several technical aspects and future projections.

Contextual Notes

Participants mention various extraction methods and their associated costs, but specific details about efficiency and effectiveness remain unclear. There is also a lack of consensus on the current state of cost projections for biodiesel from algae compared to petroleum.

Who May Find This Useful

This discussion may be of interest to individuals involved in biofuels research, students studying renewable energy sources, and professionals in the agricultural or environmental sectors looking for insights into algae cultivation and biofuel production.

  • #31
Hey Ivan.

I've been wondering about your project for a while. Can you give us an update?

Regards
 
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  • #32
Ivan Seeking said:
http://www.oilnergy.com/hpix/2obrentm.gif
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Posted Sep17-07, 03:29 PM

Dang! If only I had looked at this prescient chart a year ago! How were they able to predict in September 2007 that the price of oil would fall by almost 2/3 one year later??
 
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  • #33
dlgoff said:
Hey Ivan.

I've been wondering about your project for a while. Can you give us an update?

Regards

Crash and burn. The plan was to demonstrate at small scale, get funding, and scale up. What I learned is that many problems are scale dependent. As a result, it was going to take far more money to reach a point where I could attract investors than I could possibly afford. And the only people who had access to that sort of money were only interested in making money; whether the approach made sense or not. We were quickly heading down the path to a scam, so I ended it. At this point I am looking at several options, including teaming-up with an existing company. It may also make sense to focus on one aspect of the process. There is a guy at OSU who is working on I think the centrifuge issues, and he gives it five years to market.

As for the price of fuel, I predicted that it would drop, and I now predict that it will go up again. I think the Canadian oil sands produce about $3 a gallon fuels, and at that price biodiesel should be competitive. So the long-term still looks good. Just ask T Boone Pickens. :biggrin:

The problem that we have had in Oregon is that we can't get enough biodiesel to meet the 5% mandate by the State. So, when the price of fuel was high, so was the demand for biodiesel.
 
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  • #34
Another incidental: At $1.80 a gallon, "drill here drill now" won't happen. It isn't cost effective, which is the real reason why we haven't drilled here already.
 
  • #35
One more thing: The economy has not helped. One investor that I was very excited about is now defaulting on payments to customers. They owe one guy that I know almost a half million dollars. When I started the algae project, they were swimming in money.

I just got a phone call from the guy out the money. He is not a happy. Times are tough.
 
  • #36
Ivan Seeking said:
Another incidental: At $1.80 a gallon, "drill here drill now" won't happen. It isn't cost effective, which is the real reason why we haven't drilled here already.
It also isn't helping with the alternative fuel crowd, either. Alternative fuels were just beginning to become competitive with oil when oil was $4.00 a gallon and climbing.
 
  • #37
Yes, I have always used $3 per gallon as the magic number for alternative fuels. That is also about the price at which soybean and canola derived biodiesel is competitive.
 
  • #38
Sorry to hear about the setbacks. There will be a viable market for the fuel one day soon. Oil prices will not remain low for long. Money will flow.
 
  • #39
Just got word that my best hope for a big-league investor filed chapter 7. My business associate is out over $370K.
 

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