Congress created the Renewable Fuel Standards (RFS) Program to reduce greenhouse gas emissions and expand the nation’s renewable fuels sector while reducing reliance on imported oil. This program was authorized under the Energy Policy Act of 2005 (RFS) and expanded under the Energy Independence and Security Act of 2007 (RFS2). The U.S. Environmental Protection Agency…
What is the “Bioeconomy”? Bioeconomy is defined as the knowledge-based production and utilization of biological resources, biological processes and principles to sustainably provide goods and services across all economic sectors. It involves using renewable biological resources sustainably to produce food, energy and industrial goods, and exploits the untapped potential stored within millions of tons of…
This is a PPT by Lee Enterprises Consulting Expert, Chris Burk, P.E.,.covering the basics of techno economic analysis, including the challenges of bringing projects to market, mitigating risk and process optimization.For another PPT by this author see Techno Economic Analysis for Project Developers.
This is a PPT by Lee Enterprises Consulting Expert, Chris Burk, P.E., M.Eng. covering the uses of techno-economic modeling by those investing in renewable energy projects, including assessment of profitability and renewable energy project risk, Monte Carlo analysis, Tornado analysis, and identifying and tracking key variables.
This is a PPT by Lee Enterprises Consulting Expert, Chris Burk, P.E., M.Eng. covering the uses of techno-economic modeling by those developing renewable energy projects, including how to make meaningful predictions, demonstrating economic value, presenting design, research and development, and lab findings, and when to begin TEA. For another good PPT on conducting due diligence…
This is a PPT by Lee Enterprises Consulting Expert, Chris Burk, P.E., M.Eng. covering the expertise, objectivity, credibility and efficiency that techno-economic analysis by third parties brings to biofuels and biochemical projects. For another good PPT on conducting due diligence in bioeconomy projects, see here.
This is a good study by Lee Enterprises Consultant, Antzela Fivga, on Techno Economic Analysis of the Pyrolysis of Plastic Waste for the Production of Heavy Fuel, including process descriptions and process modeling data. For another good article on Plastic Waste Co-Processing with Biomass, see here.
What is TEA in the renewable industries? Very simply, it is the acronym for techno-economic analysis. Bringing new technology to the market is a commitment. It’s expensive and normally takes quite some time. Uncertainty is a normal complication because a technology’s economic value often depends strongly on unknown results of future research and development, and…