Federal and State Funding in Bioeconomy Projects

There are many types of bioeconomy projects seeking federal and state funding.  Funding requests also come at different stages – during research and development, in the demonstration/pre-commercial phase, and in commercial scale projects.  These state and federal funding opportunities normally fall within one of the following three categories: A government grant is a financial award…

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Small Business Innovation Research (SBIR) Funds

The Small Business Innovation Research (SBIR) program, a federally funded program designed to encourage research to meet national needs, aims to spark technological innovation, encourage creative ideas and participation by women and socially or economically disadvantaged people, and increase commercialization within the private sector or innovations created from federal research and development funding. It is…

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Hazards and Operability (HAZOP)

What do HAZOP experts in the bioeconomy do?  HAZOP (Hazards and Operability Study), a widely used process hazards analysis methodology, use professionally qualified team brainstorming to identify and resolve process safety hazards by considering unusual occurrences. It focuses early on the more probable failure scenarios, including human factors. It poses questions about possible deviations from…

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Renewable Fuel Standards (RFS)

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…

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What is TEA?

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…

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Hazard Mitigation

Like in most industries, safety hazard mitigation in the bioeconomy is a key component of every process hazard analysis of every project.  This is most frequently done using HAZOP (Hazards and Operability) studies. HAZOP is a systematic, thorough method, using the Process Flow Diagrams, and it is designed, ideally, to find all possible specific unsafe…

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Appraisals for the Bioeconomy

There are relatively few professionals with significant expertise in appraisals and valuations in bioeconomy businesses and assets.  This is likely because the majority of bioeconomy valuations call for opinions on the value of operational or closed biofuels plants, cutting-edge biotechnologies such as pyrolysis, torrefaction, waste to energy, or gasification, or simply the value of the…

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Renewable Identification Numbers (RINS)

What are Renewable Identification Numbers (RINS), and what does a RIN expert do?  A Renewable Identification Number (or RIN) is a serial number assigned to the volume of a batch of biofuel for the purpose of tracking its production, transfers, trading, and ultimate use or retirement.  This is required by the U.S. EPA’s Renewable Fuel…

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