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Second generation biofuel economics by conversion process


Key inputs to our biofuel model for key second-generation biofuel conversion processes are outlined in this table. Industry studies are used to calculate all conversion costs, including fixed/variable operation and maintenance costs and overnight capital costs. A utility cost savings results from coproduct electricity generation and an adjustment is made to account for the refiner’s margin. Adjustment factors are used to account for the reduction in capital cost as a function of quantity of plants built.


A: Thomas G Kreutz, et al. 2008. Fischer-Tropsch Fuels from Coal and Biomass. Princeton Environmental Institute. link

B: Bain, R.L. 2007. World Biofuels Assessment: Worldwide Biomass Potential Technology Characterizations. National Renewable Energy Laboratory. link

C. U.S. Energy Information Administration. 2010. "U.S. EIA Assumptions to the Annual Energy Outlook 2010: Petroleum Market Module". U.S. Energy Information Administration. link