An Economic Assessment of Second-Generation Liquid Fuels Production Possibilities
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© Springer-Verlag London 2014. Today, many countries are increasing the biofuel share in national energy supply, mainly to strengthen their domestic energy security and to protect against sudden oil price hikes. Some biofuels also provide greenhouse gas emission offsets, becoming a part of climate change mitigation framework. Secondgeneration liquid biofuels (e.g., lignocellulosic ethanol, algae fuel, biomethanol) are under ongoing research effort investigating conversion technologies and economic feasibility. In this chapter, we will concentrate on the economic prospects of bioethanol production from lignocellulosic materials in the USA in terms of their cost-efficiency and profitability, and implications for global commodity markets. Moreover, we will analyze the emergence of drop-in fuels (e.g., fuels that can be used in existing infrastructure) and the relative difference this makes in the potential for future market penetration.
author list (cited authors)
Wlodarz, M., & McCarl, B. A.