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Technology
Based upon our experience for high intensity aquaculture, the estimated cost of producing algae from 5,000 square meters (about an acre) would be in the range of $8,000 to $14,000 per year. At most (using $14,000 per year), the cost would be equal to about 4,700 gallons of fuel at $3.00 per gallon or less than 13 gallons per day per acre. If we use 30% oil to weight (which is half of theoretical conversion) we would need to average about 30 grams of algae per meter per day. We estimate (based upon yields at the Roswell, New Mexico test) that we have the potential of producing 36 grams of algae per meter per day.
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