Comprehensive Report on Attractive Algae Product Opportunities
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Algae are possibly one of the most useful organisms. In addition to the fact that algae are responsible for consuming most of the CO2 and releasing the most amount of oxygen that keeps us alive, algae are also being used in diverse industries and applications. One of the most important products that can be made from algae is biofuels and there are a number of companies working towards it.
However companies involved in the algae-to-fuels domain started to realize that it could take much longer than originally expected to derive fuels from algae. Hence, as a starting point, many of these companies are exploring venturing into high value, non fuel products from algae. This allows them to generate profits fairly early into their venture while at the same time ensuring that they are able to continue with their efforts in sustainable fuel production.
Recognizing this trend and need for a comprehensive resource on algae products, Oilgae has come up with this report “Comprehensive Report on Attractive Product Opportunities" The report provides an overview of the wide range of non-fuel applications of algae – both current and future prospects. It will provide entrepreneurs with an idea of how to derive more benefits from their algal energy ventures.
List of Potential Industries
As a result of the wide range of applications and end uses of algae, a number of industries could derive synergistic benefits from the algae energy industry. For these industries, cultivating algae could mean that they are able to add value to their existing business while at the same time producing biofuels.
If your business belongs to one or more of the following sectors, algae fuels could prove to be an attractive business opportunity for you.
A list of these industries and inputs on the synergistic benefits that can be derived are provided below.
Sewage & Water Treatment Companies
- Algae can be used as for bio-remediation, especially in the secondary stage of water treatment. Thus, there are two benefits. Waste water gets purified, and we get fuel feedstock in the process.
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- The industries listed below can use algae for the secondary stage of wastewater treatment
- Meat and Poultry
- Pulp and Paper, and Produce (i.e., Fruits & Vegetable)
- Textiles Dyeing
- Metal Finishing
- Dyes & Pigments
- Pharmaceutical
- Food & Dairy
- Biotechnology
- Starch & Cellulose
- Chemicals
- Pesticides & Insecticides
- Photography
- Fertilizers
- Traditional crops – If farming companies grow algae for biodiesel, they can use the de-oiled algae extract as bio-fertilizer.
- Algae farms – Existing algae farms can grow algae for fuel in addition to the end-product markets for which they are already cultivating algae.
- Many companies that produce large quantities of animal waste use the waste in digesters to produce methane, which in turn is used as a heating fuel. Using large quantities of methane gives out CO2 which can be used to grow algae. Algae can also grow in the liquid effluents released from the anaerobic digesters. The additional benefit these companies get is that they can use the de-oiled algae meal as animal feed.
- Pork
- Poultry
- Meat
- Diary
- Industries that emit large amounts of CO2 during their operations can use algae for CO2 Capture. They thus get two benefits: They are able to sequester CO2 cost-effectively, and they get a fuel feedstock.
- Coal Burning and Natural Gas Power Plants
- Petrochemicals
- Iron & Steel
- Cements
- Sugar
- Tyres
- Carbon Black
- Mining
- Aluminium
- Paper
- Inorganic Chemicals
- Fertilizers
- Many industries that use algae use primarily the protein component of the algae. For these companies, algae fuel in the form of biodiesel presents an interesting opportunity: these companies can extract the oil (lipid) from algae for biodiesel and can use the deoiled algae cake rich in proteins for their products. For those industries that use the lipids in algae, they can consider using the left-over biomass for producing fuels such as ethanol or other hydrocarbons.
- Biopolymers & Bioplastics
- Human Food & Food Supplements
- Animal & Fish Feed - Shrimp feed, Shellfish Diet, Marine Fish Larvae Cultivation
- Paints, Dyes and Colorants
- Lubricants
- Food & Nutraceuticals
- Cosmetics
- Agrochemicals
- Pharmaceuticals
Industries that currently use algae for their products are:
Chapter-1
1.1 Introduction to Algae
1.1.1 Overview of Algae Fuel and Non-fuel Products
1.1.2 Fuel Products from Algae
1.1.3 Non-fuel Applications of algae
1.2 Algae Cultivation
1.2.1 Introduction & Concepts
1.2.2 Algaculture
1.2.3 Algae Cultivation in Various Scales
1.2.4 Different Methods of Cultivation
1.2.5 Algae Cultivation – Factoids
1.2.6 Worldwide Locations with Prominent Algae Farms & Algae Cultivation
1.2.7 Algae Cultivation Challenges & Efforts
1.2.8 Research & Publications
1.2.9 Reference
1.3 Algae Harvesting
1.3.1 Introduction
1.3.2 Methods of Harvesting
1.3.3 Case Studies & Examples
1.3.4 Challenges & Efforts
1.4 Dewatering
1.5 Algae Drying
Chapter- 2
2.1 Non- Fuel Products from Algae
2.2 Overview of Algae Products Used in Various Industries
2.2.1 Human Food
2.2.2 Pharmaceuticals
2.2.3 Phycocolloids
2.2.3.1 Agar
2.2.3.2 Alginates
2.2.3.3 Carrageenan
2.2.4 Neutraceuticals
2.2.4.1 Single Cell Protein
2.2.4.2 Spirulina
2.2.4.3 Chlorella
2.2.4.5 Omega-3 Fatty Acids
2.2.4.6 Astaxanthin
2.2.4.7 Coenzyme Q10
2.2.5 Pigments
2.2.5.1 Phycocyanin
2.2.5.2 Chlorophyll
2.2.6 Cosmetics
2.2.7 Biolubricants
2.2.8 Textile
2.2.9 Chemicals
2.2.10 Bioplastics
2.2.11 Dyes and Colourants
2.2.12 Bioplastics
2.2.13 Unique Uses of Algae
2.2.14 Other Emerging Products
2.3 Summary of Products from Algae
Chapter – 3
3.1 Market Sizes of Non Fuel Products
3.2 Market Information pertaining to Industries
3.2.1 Biopolymers & Bioplastics
3.2.1 Animal & Fish Feed
3.2.3 Paints, Dyes & Colorants
3.2.4 Dyes
3.2.5 Lubricants
3.2.6 Food, Health Products &Nutraceuticals
3.2.7 Cosmetics
3.2.8 Chemicals & Fertilizers
3.2.9 Health & Pharmaceuticals
3.2.10 Pollution Control
3.3 High value Products
- Nutraceuticals
- Astaxanthin
- Betacarotene
- Omega-3 fatty acid ( DHA and EPA)
- CoenzymeQ10
- Pharmaceuticals
- Antimicrobials, Antivirals and Antifungals
- Neuroprotective Products
- Personal Care Products
3.4 Medium Value Products
- Nutraceuticals
- Spirulina and Chlorella
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Chemicals
- Paints, Dyes and Colourants
3.5 Low Value Products
- Fertilizer and Animal Feed
- Substitutes for Synthetics
- Biopolymers and Bioplastics
- Lubricants
-
Bioremediation
- Wastewater treatment and nutrient credits
- CO2 capture and carbon credits
3.6 Cost and Economics
Chapter – 4
4.1 Companies and Research Institutes Working on Non Fuel Products4.2 Research Articles and Patents
Chapter -5
5.1 Industries with Synergistic Benefits from Algae Energy OpportunitiesChapter- 6
6.1 Strategies and recommendations for product, market selectionChapter- 7
7.1 Useful References
The report comprises
- Inputs and updates on process and methods of algae cultivation and algae harvesting
- Comprehensive coverage of all possible products from algae, and their respective production process and technologies
- Insights on the range of product possibilities, market sizes, profitability and future potential
- Details of the companies and the non-fuel products that they are working on
- Case studies and examples of what the pioneers are doing in this domain
- Extensive details on the university and research efforts in this domain
Some of the non-fuel products from algae that are detailed in the report include:
Nutraceuticals |
a) Astaxanthin b) Betacarotene c) Poly unsaturated fatty acid (DHA and EPA) d) CoenzymeQ10 |
Pharmaceuticals | Pharmaceutical proteins , Antimicrobials, Antivirals & Antifungals and Neuroprotective Products |
Cosmetics |
a) Anti-cellulite b) Alguronic acid |
Hydrocolloids | Agar, Alginate, Carrageenan |
Biopolymers and Bioplastics from Algae | |
Animal and Fish | Feed Shrimp Feed, Shellfish Diet, Marine Fish Larvae Cultivation, Livestock Feed |
Dyes and Colorants from Algae | |
Chemicals, Lubricants from Algae | |
Paper from Algae |
Algae Products Market
The global algae biomass market is worth between 3.5 and 5 billion EUR, with a high level of SME participation. From this total, the health food sector accounts for €1.5 billion and the aquaculture applications account for €0.5 billion. The average market price of algae biomass is €250/kg.
The table below provides an overview of commercially produced algae and their market statistics.
Commercially Produced Algae
Microalga | Annual production | Producer country | Application and Product | Price |
---|---|---|---|---|
Spirulina | 3000 tons dry weight | China, India, USA, Myianmar, Japan | Human nutrition Animal nutrition Cosmetics Phycobiliproteins |
36 €/kg 11 €/mg |
Chlorella | 2000 tons dry weight | Taiwan, Germany, Japan | Human nutrition Cosmetics Aquaculture |
36 €/kg 50 €/L |
Dunaliella salina | 1200 tons dry weight | Australia, Israel, USA, Japan | Human nutrition Cosmetics β-carotene |
215-2150 €/kg |
Aphanizomenon flos-aquae | 500 tons dry weight | USA | Human nutrition | |
Haematococcus pluvialis | 300 tons dry weight | USA, India, Israel | Aquaculture Astaxanthin |
50 €/L 7150 €/kg |
Crypthecodinium cohnii | 240 tons DHA oil | USA | DHA oil | 43 €/g |
Shizochytrium | 10 tons DHA oil | USA | DHA oil | 43 €/g |
Source: Brennan and Owende 2010
List of Potential Industries
Industries that currently use algae for their products are:- Biopolymers & Bioplastics
- Human Food & Food Supplements
- Animal & Fish Feed - Shrimp feed, Shellfish Diet, Marine Fish Larvae Cultivation
- Paints, Dyes and Colorants
- Lubricants
- Food & Nutraceuticals
- Cosmetics
- Agrochemicals
- Pharmaceuticals
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