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| Maung, Thein A.; Gustafson, Cole R.. |
| This study examines the financial feasibility of producing ethanol biofuel from sugar beets in central North Dakota. Under the Energy Independence and Security Act (EISA) of 2007, biofuel from sugar beets uniquely qualifies as an “advanced biofuel”. EISA mandates production of 15 billion gallons of advanced biofuels annually by 2022. A stochastic simulation financial model was calibrated with irrigated sugar beet data from central North Dakota to determine economic feasibility and risks of production for a 10MGY (million gallon per year) and 20MGY ethanol plant. Study results indicate that feedstock costs, which include sugar beets and beet molasses, account for more than 70% of total production expenses. The estimated breakeven ethanol price for the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Ethanol; Sugar beets; Molasses; Net Present Value; Risk; Agricultural Finance; Resource /Energy Economics and Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/61235 |
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