Journal
BIORESOURCE TECHNOLOGY
Volume 191, Issue -, Pages 88-96Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.biortech.2015.05.002
Keywords
Techno-economic analysis; Bio-oil gasification; Fast pyrolysis
Funding
- Iowa Energy Centre [12-03]
Ask authors/readers for more resources
This paper evaluates the economic feasibility of an integrated production pathway combining fast pyrolysis and bio-oil gasification. The conversion process is simulated with Aspen Plus (R) for a 2000 metric ton per day facility. Techno-economic analysis of this integrated pathway has been conducted. A total capital investment of $510 million has been estimated and the minimum fuel selling price (MSP) is $5.59 per gallon of gasoline equivalent. The sensitivity analysis shows that the MSP is most sensitive to internal rate of return, fuel yield, biomass feedstock cost, and fixed capital investment. Monte-Carlo simulation shows that MSP for bio-oil gasification would be more than $6/gal with a probability of 0.24, which indicates this pathway is still at high risk with current economic and technical situation. (C) 2015 Elsevier Ltd. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available