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A big issue with open ponds is "contamination" by other algae types. The best oil producers are not the toughest little boogers.
There was a product called "BioFence" that enclosed a circulating mix that was constantly pumped along glass tubes set into a fence format. It worked but temperature nutrient and dissolved gas levels had to be tightly controlled. The algae could go from happy to dead in a very short time. The oil was extracted using ultrasonics to shatter the algae cells and gravity. Oil floats to the top and the sludge goes for animal feed or compost.
Another guy grew tilapia fish as a commercial "crop" in his ponds, along with a less intensive algae system but costs were still much too high.
There was a product called "BioFence" that enclosed a circulating mix that was constantly pumped along glass tubes set into a fence format. It worked but temperature nutrient and dissolved gas levels had to be tightly controlled. The algae could go from happy to dead in a very short time. The oil was extracted using ultrasonics to shatter the algae cells and gravity. Oil floats to the top and the sludge goes for animal feed or compost.
Another guy grew tilapia fish as a commercial "crop" in his ponds, along with a less intensive algae system but costs were still much too high.