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Investment Model of Agricultural Biogas Plants for Individual Farms in Poland

Kamila Klimek (), Magdalena Kapłan (), Serhiy Syrotyuk (), Nikolay Bakach (), Nikolay Kapustin (), Ryszard Konieczny (), Jakub Dobrzyński (), Kinga Borek (), Dorota Anders (), Barbara Dybek (), Agnieszka Karwacka () and Grzegorz Wałowski ()
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Kamila Klimek: Department of Applied Mathematics and Computer Science, University of Life Sciences in Lublin, 20-033 Lublin, Poland
Magdalena Kapłan: Department of Pomology, Nursery and Enology, University of Life Sciences in Lublin, 20-033 Lublin, Poland
Serhiy Syrotyuk: Department of Energy, Lviv National Agrarian University, 1 V. Velykoho Street, 80381 Lviv-Dubliany, Ukraine
Nikolay Bakach: Deputy Director General for Scientific Work, Republican Unitary Enterprise “Scientific and Practical Center of the National Academy of Sciences of Belarus for Agricultural Mechanization”, Knorina 1 Street, 220049 Minsk, Belarus
Nikolay Kapustin: Laboratory of Using Fuel and Energy Resources, Republican Unitary Enterprise “Scientific and Practical Center of the National Academy of Sciences of Belarus for Agricultural Mechanization”, Knorina 1 Street, 220049 Minsk, Belarus
Ryszard Konieczny: Department of Technology, Institute of Energy and Technical Safety, Jacob of Paradyz University, 52 Chopina Street, 66-400 Gorzow Wielkopolski, Poland
Jakub Dobrzyński: Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland
Kinga Borek: Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland
Dorota Anders: Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland
Barbara Dybek: Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland
Agnieszka Karwacka: Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland
Grzegorz Wałowski: Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland

Energies, 2021, vol. 14, issue 21, 1-30

Abstract: The main idea of a circular economy (CE) is to separate economic growth from resource consumption and environmental impacts. The characteristic approach of a CE assumes the minimisation of the amount of waste generated at the design level and, as a standard, includes innovations throughout the value chain. From an agricultural point of view, agricultural biogas plants are particularly important because they enable the management of all waste biomass and its conversion into useful energy and agricultural fertiliser. This paper presents methods for assessing the economic effectiveness of an investment in an agricultural biogas plant. The research goal was to develop a financial model. The authors of this study used available examples of the profitability of commercial ventures. We considered the investment aspects of agricultural biogas plants. Exemplary solutions are discussed, allowing the reader to become acquainted with various methods and proposals for thus far estimated investments. It may seem chaotic, but this is how the biogas market is characterised in the context of the implementation of biogas projects. Guidance is given regarding how to understand investing in this sensitive private farming sector. It is admirable that the renewable energy market has been systematised, and we hypothesise that it is necessary to develop an investment model in Polish conditions.

Keywords: circular economy; investment; assessment methods; profitability; production; agricultural biogas (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
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