Economics of Biomass Feedstocks and Biofuels Chapter uri icon

abstract

  • The primary factor influencing production and consumption of liquid biofuels, such as ethanol and biodiesel in the transportation sector, is crude oil prices since few other substitute fuels are available. This chapter focuses on the economics of liquid biofuel (mainly ethanol) production. First, it talks about the background of biofuels. Renewable Fuel Standard (RFS) and the Energy Independence and Security Act of 2007 (EISA) define biofuels into three classes: conventional, advanced, and cellulosic based on the potential reduction of greenhouse gas (GHG) emissions of 20%, 50%, and 60%, respectively. Then, the chapter deals with major issues related to life-cycle analysis (LCA) GHG emissions of biofuels in terms of concepts and use. Next, it examines the economics of biofuels including advanced and cellulosic feedstock and ethanol production. Biomass pricing and standards can play an important role in accelerating the demand for biomass feedstocks. Finally, the chapter discusses biofuel policy uncertainty. This edition first published 2013 © 2013 John Wiley & Sons, Inc.

author list (cited authors)

  • Maung, T. A., Gustafson, C., McCarl, B., Ripplinger, D., & Saxowsky, D.

citation count

  • 2

Book Title

  • Biofuel Crop Sustainability

publication date

  • May 2013