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Integrative Investment Appraisal of a Lignocellulosic Biomass-to-Ethanol Industry AgEcon
Tembo, Gelson; Epplin, Francis M.; Huhnke, Raymond L..
While theoretically more efficient than starch-based ethanol production systems, conversion of lignocellulosic biomass to ethanol is not without major challenges. A multi-region, multi-period, mixed integer mathematical programming model encompassing alternative feedstocks, feedstock production, delivery, and processing is developed. The model is used to identify key cost components and potential bottlenecks, and to reveal opportunities for reducing costs and prioritizing research. The research objective was to determine for specific regions in Oklahoma the most economical source of lignocellulosic biomass, timing of harvest and storage, inventory management, biorefinery size, and biorefinery location, as well as the breakeven price of ethanol, for a...
Tipo: Journal Article Palavras-chave: Biomass; Biorefinery location; Ethanol; Integrative investment appraisal; Logistics; Mixed integer programming; Resource /Energy Economics and Policy.
Ano: 2003 URL: http://purl.umn.edu/31070
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