Cost- benefit estimation for alternative renewable biofuel from algae in comparison with traditional fuel source

Abstract EN

In the face of the problem of depletion of natural resources, and preservation of environmental and ecological balance.

the measuring tools of environmental and social accounting, stand in front of challenge in finding method to measure the change in cost of production that used new methods in produce a new resource of energy, which is friendly to the environment and eliminated the pollution.

One of this alternative renewable resources is Algal.

as promising sources of clean energy products and a CO2 capturing from air.

but the requirements of the complex processes used into convert the Algae to biofuels, create cost structure not competitive with the traditional fuels.

So, in this paper it will built a theoretical cost structure, and aggregate cost elements by using accounting terminology with interaction with terminology chemical engineering, biology and economics field, to calculate cost by equations, and design software program (MS-DOS program) to evaluate the production cost, and the potential economic viability of algae in producing fuel instead of producing it from conventional sources.