Poster's note: From the abstract this sounds pretty breathless to me.
I imagine that the economics of scaling will be complex, particularly
when demand limitations kick in, and transport costs are properly
factored.

http://www.sciencedirect.com/science/article/pii/S0957582012001206

Negative carbon via Ocean Afforestation
Antoine de Ramon N‘Yeurta et al
http://dx.doi.org/10.1016/j.psep.2012.10.008


Abstract
Ocean Afforestation, more precisely Ocean Macroalgal Afforestation
(OMA), has the potential to reduce atmospheric carbon dioxide
concentrations through expanding natural populations of macroalgae,
which absorb carbon dioxide, then are harvested to produce biomethane
and biocarbon dioxide via anaerobic digestion. The plant nutrients
remaining after digestion are recycled to expand the algal forest and
increase fish populations. A mass balance has been calculated from
known data and applied to produce a life cycle assessment and economic
analysis. This analysis shows the potential of Ocean Afforestation to
produce 12 billion tons per year of biomethane while storing 19
billion tons of CO2 per year directly from biogas production, plus up
to 34 billion tons per year from carbon capture of the biomethane
combustion exhaust. These rates are based on macro-algae forests
covering 9% of the world's ocean surface, which could produce
sufficient biomethane to replace all of today's needs in fossil fuel
energy, while removing 53 billion tons of CO2 per year from the
atmosphere, restoring pre-industrial levels. This amount of biomass
could also increase sustainable fish production to potentially provide
200 kg/yr/person for 10 billion people. Additional benefits are
reduction in ocean acidification and increased ocean primary
productivity and biodiversity.

Highlights
► Ocean Afforestation concentrates carbon dioxide for storage.
► Ocean Afforestation also produces biofuels, food, and biodiversity.
► Plant nutrient recycling might sustain the ecosystem to <350 ppm
carbon dioxide.
► Multiple products reduce the cost of sequestering carbon dioxide.

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