Economic analysis of global microalgae biomass energy potential

Abstract

With the increasing demand for renewable energy, microalgae, as a renewable biomass energy, can fix carbon dioxide and have broad application prospects in alleviating the energy crisis and improving the environment. In this paper, the potential biomass of global microalgae is calculated based on the mathematical growth model of microalgae proposed by predecessors. Based on this, this study further uses Newton's gravity model as the basic model of economic analysis and calculates the economic potential coefficient of microalgae production in various regions of the world by using the data of the world's top 20 cities in terms of urban population and urban GDP in 2020. The study has obtained the current global unused land with the high economic value of large-scale microalgae production areas, such as western North America, northern Africa, and northwest China, etc., which can provide guidance for the future site selection and development of microalgae biomass energy.