Residence time of flue gas bubbles with different solution velocities and the influence of NOX and SO2 from flue gas on pH values of culture solutions were analyzed based on large-scale raceway reactors. Microalgal growth and CO2 fixation rates were also investigated with different gas flow rates. Bubble residence time was ~1.1 s when the solution velocity was 20 cm/s. The NOX and SO2 effects on microalgal growth were negligible, although 66% NOX and 95% SO2 were captured by the microalgal solution. Microalgal biomass productivity increased from 10.3 to 14.1 g/m2/d when flue gas flow rate increased from 20 to 50m3/h. CO2 fixation and microalgae biomass productivity increased further from 26.3 to 31.9 g/m2/d and from 14.1 to 17.1 g/m2/d, respectively, upon increase of flue gas flow rate from 50 to 150m3/h.