Algae Role in the European Green Economy
It is generally agreed that global warming represents the well-known impact of Greenhouse gas (GHG) emissions caused by a worrying increase in the world’s population, fossil fuel consumption, industry sector development, and other factors. In order to satisfy the global demand for GHG emissions reduction, clean energy, green fuels and products produced from renewable sources play a crucial role. Apart from renewable heat and power production, there is only a renewable carbon-based source able to replace fossil fuels in the transportation, plastics and chemicals markets: Biomass.
Unfortunately, the biomass value chain is complex due to the wide range of steps required, such as plantation, harvesting, transporting, refining, processing, and so on.
The environmental sustainability of the biomass value chain includes all of these sectors. But even if there is generally a reduction in CO2 emissions, the environmental impact calculation passes through a wide range of value chain aspects, each of them presenting limited operating condition. Indirect Land Use Change, which is mainly due to biofuels production using
food crops such as sunflowers, maize, wheat, sugarcane, and the intensive monocultures affecting biodiversity, drove the European Union towards a radical change which takes care ofthe land use impact.
And here comes the crucial role of microalgae.
Microalgae are cultivated in photobioreactors, as well as in open ponds, which can be easily placed in desertsoils, or indeed, in any place wherethere is sun and space. The bio-oil rate production per hectare is higher than every other energy crop, and their photosynthetic efficiency (6%) is among the highest ofother biomasses (max 3-4%).
The biomass yield is impressive, the CO2 absorption potential (1,7t CO2 /t Algae produced) and the wide range of bio-oil markets represent undeniable promising features.
Production costs using other technologies, however, are still high and this barrierhas limited the microalgae market development in past years.
But, new trends are now pushing the microalgae sector towards industrial development on a global level.