do you have access to a fluorometer or a fluorescence microscope?
you can stain the algae with red nile dye and visually analyze the lipid content. You can measure the area of fluorescence compared to the area of the cells and determine the relative percentage. It is not a perfect method of quantification but you can at least see which strains have more lipids than others to get an idea of which species produce more oil.
if you can only measure fluorescence using a fluorometer, you will need to have separate cultures of different species to distinguish their lipid content. you will need to put an exact amount of algae in solution in a cuvette, stain the lipids and measure the fluorescence. This will allow you to compare relative amounts of fluorescence depending on the lipid content. Again, not a perfect method but can help you to distinguish relative lipid content between species
one of the more simple methods is to extract the lipids using a solvent and then compare the mass of the extract to the mass of dried algae. Since extraction efficiency isn't always 100% this method will not be perfect but again, you can determine lipid content and confidently compare species.
there are other methods but these are the three I am most familiar with and have done myself. If you want to see some literature or more information let me know
jackflorida:can you also explain to me what (AOAC 996.06). is?
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I normally don't refer to procedures by numbers and codes like that so I am not completely sure. I believe it is a procedure using pertroleum ether as the solvent in a soxhlet apparatus. A soxhlet is an extraction apparatus that percolates solvent through the algae several times in an hour or two.
This is what my Neochloris culture looks like when dyed and fluoresced.
by using the imaging software of the microscope I was working on, I calculated the area of fluorescent regions and then also calculated the area when normal light was applied to the same slide. Comparing these two calculations resulted in a lipid percentage of 17%.
If you want more details, just ask. I'll try to do what I can to help