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An Economic Assessment of Second-Generation Liquid Fuels Production Possibilities

  • Marta Wlodarz
  • Bruce A. McCarl
Chapter
Part of the Lecture Notes in Energy book series (LNEN, volume 27)

Abstract

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. Second-generation 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.

Keywords

Ethanol Production Carbon Price Cellulosic Ethanol Market Penetration Carbon Prex 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London 2014

Authors and Affiliations

  1. 1.Department of Management, Technology and Economics, Center for Energy Policy and EconomicsETH ZurichZurichSwitzerland
  2. 2.Department of Agricultural EconomicsTexas A&M UniversityCollege StationUSA

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