UNH Biodiesel Group
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Fuels of the future? - by the UNH Biodiesel Group

  Biodiesel Hydrogen
Technological Readiness Can be used in existing diesel engines, which have already been in use for 100 years At least ten years away
Fuel source Algae farms or other vegetable crops, or waste conversion. Completely renewable process, with no net CO2 emissions. Electrolyzing water (most likely using fossil fuel energy) or reforming fossil fuels. Most likely non-renewable methods with large net CO2 emissions
Fuel Distribution System Can be distributed with existing filling stations with no changes. No system currently exists, would take decades to develop.  Would cost $176 billion to put one hydrogen pump at each of the filling stations in the US.
Overall Energy Balance (each unit of energy put in yields....) [higher is better] 3.2 units (soy)
4.3 units (rapeseed)
0.5 units (electrolyzing water into hydrogen with renewable sources)
Large scale fuel development cost analysis For an estimated $1691 billion, enough algae farms could be built to completely replace petroleum transportation fuels with biodiesel To produce enough clean hydrogen for our transportation needs would cost $2.5 trillion (wind power) or $25 trillion (solar)
Safety Flash point of biodiesel is over 300° F (considered "not flammable") Highly flammable
Time scale for wide scale use 5-10 years 30-50 years optimistic assumption
Cost of engines Comparable to existing vehicles Currently 50-100 times as expensive as existing engines. The cost of the fuel cells themselves will come down significantly – the cost of the infrastructure and making the hydrogen will not
Vehicle performance Significantly better range than gasoline vehicles, comparable power (roughly 700 mile range for Volkswagen Jetta TDI) Significantly smaller range than gasoline vehicles (180 mile range for Toyota’s FCHV)
Tank capacity required for 1,000 mile range in conventional sedan 20 gallons 268 gallons
1 - "Widescale Biodiesel Production from Algae", Michael Briggs, UNH Physics Department