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Search results for: โ€œethanolโ€

  • Sugar to ethanol: the economics?

    Sugar to ethanol: the economics?

    This data-file captures the economics of ethanol production, as a biofuel derived from sugar. A 10% IRR requires $1-4/gallon ethanol, equivalent to $0.25-1/liter, or $60-250/boe. Economics are most sensitive to input sugar prices. Net CO2 intensity is at least 50% lower than hydrocarbons.

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  • US ethanol plants: what CO2 intensity?

    US ethanol plants: what CO2 intensity?

    US bioethanol plants produce 1Mbpd of liquid fuels, with an average CO2 intensity of 85kg/boe. Overall, corn-based bioethanol has c40% lower CO2 than oil products. We screened the leaders and laggards by CO2-intensity, covering Poet, Valero, Great Plains, Koch, Marathon and White Energy.

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  • Ethanol from corn: the economics?

    Ethanol from corn: the economics?

    This data-file captures the economics of producing ethanol from corn. Our base case requires a price of $1.6/gallon of ethanol for a 10% IRR on a new greenfield plant, equivalent to $2.4/gallon gasoline. 40% of the US corn crop is diverted into biofuels, but the rationale is marginal.

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  • Ethanol-to-ethylene: the economics?

    Ethanol-to-ethylene: the economics?

    This data-file captures the economics of producing bio-ethylene by dehydration of ethanol. We estimate an ethylene price of $1,600/Tpa is required for a 10% IRR, which is almost 2x higher than a conventional ethane cracker. In a best case scenario, costs could fall below $1,000/ton.

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  • Ethanol: hangover cures?

    Ethanol: hangover cures?

    Could new technologies reinvigorate corn-based ethanol? This 12-pageย  note assesses three options. We are constructive on combining CCS or CO2-EOR with an ethanol plant, which yields a carbon-negative fuel. But costs and CO2 credentials look more challenging for bio-plastics or alcohol-to-jet fuels.ย 

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  • Sugar to ethanol: value in volatility?

    Sugar to ethanol: value in volatility?

    Sugar cane is an amazing energy crop, yielding 70 tons per hectare per year, of which 10-15% is sugar and 20-25% is bagasse. Crushing facilities create value from sugar, sugar-to-ethanol and cogenerated power. This 11-page note argues that more volatile electricity prices could halve ethanol costs or raise cash margins by 2-4x.

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  • Ethanol: getting wasted?

    Ethanol: getting wasted?

    30M acres of US croplands are used to grow corn for ethanol, with a CO2 abatement cost of $200/ton. However, if these same acres were reforested, they could absorb 2x more CO2, while farmers in the mid-West could have higher earnings. Hence could US biofuels be disrupted?

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  • Crop production: what CO2 intensity?

    Crop production: what CO2 intensity?

    The CO2 intensity of producing corn averages 0.23 tons/ton, or 75kg/boe. 50% is from N2O emissions, a powerful greenhouse gas, from the breakdown of nitrogen fertilizer. Producing 1 kWh of food energy requires 9 kWh of fossil energy.

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  • Verbio: bio-energy technology review?

    Verbio: bio-energy technology review?

    Verbio is a bio-energy company, founded in 2006, listed in Germany, producing bio-diesel, bioethanol, biogas, glycerin and fertilizers. The company has stated “we want to be in a position to convert anything that agriculture can deliver to energy”. Our Verbio technology review is based on its patents. We find some fascinating innovations in cold mash…

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  • Global biofuel production: by region, by liquid fuel?

    Global biofuel production: by region, by liquid fuel?

    Global liquid biofuel production ran at 3.2Mbpd in 2024, of which c60% is ethanol, c30% is biodiesel and c10% is renewable diesel. 65% of global production is from the US and Brazil. Global liquid biofuel production reaches 3.8Mbpd by 2030 on our forecasts.

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