Technoeconomic analysis for biofuels and bioproducts

Technoeconomic analysis for biofuels and bioproducts

TitleTechnoeconomic analysis for biofuels and bioproducts
Publication TypeJournal Article
Year of Publication2021
AuthorsCorinne D Scown, Nawa Raj Baral, Minliang Yang, Nemi Vora, Tyler Huntington
JournalCurrent Opinion in Biotechnology
Volume67
58
Pagination58-64
Date Published02/2021
Keywordsbioenergy, Biofuels
Abstract

Technoeconomic analysis (TEA) is an approach for conducting process design and simulation, informed by empirical data, to estimate capital costs, operating costs, mass balances, and energy balances for a commercial scale biorefinery. TEA serves as a useful method to screen potential research priorities, identify cost bottlenecks at the earliest stages of research, and provide the mass and energy data needed to conduct life-cycle environmental assessments. Recent studies have produced new tools and methods to enable faster iteration on potential designs, more robust uncertainty analysis, and greater accessibility through the use of open-source platforms. There is also a trend toward more expansive system boundaries to incorporate the impact of policy incentives, use-phase performance differences, and potential impacts on global market supply.

URLhttps://doi.org/10.1016/j.copbio.2021.01.002