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Algae based biodiesel

We are planning to start a pilot unit in Bangalore,India for culturing and extraction of biodiesel from algae. We are looking out for potentail investors but I'm confused that they say raceways can be helpful for commercial scale or large scale. Is it possible to touch our target of 15000 gallons/yr/acre by constructing raceways? Our species are the top one which provides high lipids.Could somebody suggest right?

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