Despite the extensive literature on microalgal production, most studies focus on controlled laboratory-scale systems, resulting in a critical lack of confidence at industrial scale. This is further compounded by the frequently observed inconsistencies, with only modest increases achieved in operational scale. This work demonstrates the design, construction, and operation of a commercial-scale tubular photobioreactor and associated equipment for the production of algae using CO₂ derived from an industrial nickel refinery. The reactor was demonstrated by growing the species Nannochloropsis gaditana. Biomass concentrations of 1.0 to 1.3 g L⁻¹ were achieved with a productivity of 0.11 g L⁻¹ d⁻¹. Extrapolation to a 300-day production year showed that the reactor was capable of producing 541.2 kg algae and sequestering around 1 tonne of CO₂. A technoeconomic assessment showed that the total plant CAPEX was £583,905 and the OPEX was £98,196. Sales of algae alone showed poor economic performance. However, economic favourability is observed for species that contain phycocyanin pigment and yield a positive net present value within 4 to 7 years based on recovery yield. This work effectively provides reliable process data developed at scale that can be used to formulate business cases for further scale-up and expansion of algal production systems. This moves the technology a step closer to full-scale realisation and the potential for a net-zero, sustainable future.