Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Economic Evaluation of Large-Scale Biorefinery Deployment: A Framework Integrating Dynamic Biomass Market and Techno-Economic Models

Version 1 : Received: 13 July 2020 / Approved: 14 July 2020 / Online: 14 July 2020 (11:20:30 CEST)

A peer-reviewed article of this Preprint also exists.

Zetterholm, J.; Bryngemark, E.; Ahlström, J.; Söderholm, P.; Harvey, S.; Wetterlund, E. Economic Evaluation of Large-Scale Biorefinery Deployment: A Framework Integrating Dynamic Biomass Market and Techno-Economic Models. Sustainability 2020, 12, 7126. Zetterholm, J.; Bryngemark, E.; Ahlström, J.; Söderholm, P.; Harvey, S.; Wetterlund, E. Economic Evaluation of Large-Scale Biorefinery Deployment: A Framework Integrating Dynamic Biomass Market and Techno-Economic Models. Sustainability 2020, 12, 7126.

Journal reference: Sustainability 2020, 12, 7126
DOI: 10.3390/su12177126

Abstract

Biofuels and biochemicals play significant roles in the transition towards a fossil-free society. However, large-scale biorefineries are not yet cost-competitive with their fossil-fuel counterparts, and it is important to identify biorefinery concepts with high economic performance. For evaluating early-stage biorefinery concepts, one needs to consider not only the technical performance and process costs but also the economic performance of the full supply chain and the impacts on feedstock and product markets. This article presents and demonstrates a conceptual interdisciplinary framework that can constitute the basis for evaluations of the full supply-chain performance of biorefinery concepts. This framework considers the competition for biomass across sectors, assumes exogenous end-use product demand, and incorporates various geographical and technical constraints. The framework is demonstrated empirically through a case study of a sawmill-integrated biorefinery producing liquefied biomethane from forestry and forest industry residues. The case study results illustrate that acknowledging biomass market effects in the supply chain evaluation implies changes in both biomass prices and the allocation of biomass across sectors. The proposed framework should facilitate the identification of biorefinery concepts with a high economic performance which are robust to feedstock price changes caused by the increase in biomass demand.

Subject Areas

supply chain; partial equilibrium; biofuel; soft-linking; dynamic prices

Comments (0)

We encourage comments and feedback from a broad range of readers. See criteria for comments and our diversity statement.

Leave a public comment
Send a private comment to the author(s)
Views 0
Downloads 0
Comments 0
Metrics 0


×
Alerts
Notify me about updates to this article or when a peer-reviewed version is published.
We use cookies on our website to ensure you get the best experience.
Read more about our cookies here.