Economics and Uncertainty of Lignocellulosic Biofuel Production from Energy Cane and Sweet Sorghum in South Texas

Juan J. Monge, Luis Ribera (), John L. Jifon, Jorge A. da Silva and James Richardson ()

Journal of Agricultural and Applied Economics, 2014, vol. 46, issue 4, 457-485

Abstract: Government support uncertainty, scarce yield information, and the inherent risk in bioeconomic phenomena are some of the deterrents faced by investors in the nascent cellulosic biofuel industry. A financial probabilistic model was developed to contrast the economic feasibility of producing cellulosic biofuels from energy cane and sweet sorghum using three technologies: hydrolysis, pyrolysis, and gasification. Hydrolysis and pyrolysis proved feasible (showed possibilities of a positive net present value) without government support and conditioned to stochastic feedstock yields and biofuel prices. Gasification was feasible with government support. Improved feedstock and biofuel productivity would considerably raise the feasibility probabilities for hydrolysis and pyrolysis without government support.

Date: 2014
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Journal Article: Economics and Uncertainty of Lignocellulosic Biofuel Production from Energy Cane and Sweet Sorghum in South Texas (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:46:y:2014:i:04:p:457-485_02

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