ALGAE PHOTOBIOREACTOR Team 12 PROBLEM STATEMENT Concerned with CO2 released to the atmosphere. CO2 scrubbing equipment is expensive CO2 storage is not economically feasible Current petro based fuels are unsustainable and increasingly expensive According to the IPCC, capturing and compressing CO2 would increase the fuel needs of a coal-fired plant with CCS by 25%-40% SOLUTION An inexpensive photobioreactor Algae grows while capturing CO2 Sunlight does the remainder of the work Biomass is used as an energy source CLIENTELE Power generating companies that burn fossil fuels Chemical plants with CO2 in purge streams Organizations with on-site power generation PROFITABILITY Sell or lease photobioreactors to clients Design and install applications to meet specific company needs Algal biomass can be sold or processed into a biofuel PROFITABILITY FOR END USER Eliminates the need for costly carbon sequestration processes Carbon tax savings Selling algal biomass for process into biofuel ALTERNATIVES TO BUYERS Carbon capture Subterranean injection Artificial trees Basalt Storage Biofuel alternatives Cellulosic Ethanol QUALIFICATIONS Members with experience in biofuels research Members with experience in fuel processing industry Experience with process development Contacts in biochemistry and biology fields QUESTIONS