Strategic value optimization and analysis of multi-product biomass refineries with multiple stakeholder considerations

Computers and Chemical Engineering

Volumn 50, Issue , 2013, Pages 105-129

  Sharma, P ^a   Vlosky, R ^b   Romagnoli, J A ^a  

^a LOUISIANA STATE UNIVERSITY   (United States)

^b LOUISIANA STATE UNIVERSITY AGRICULTURAL CENTER   (United States)

Author keywords

Cellulosic biofuels; Stakeholder value; Strategic optimization; Supply chain

Indexed keywords

CAPITAL INVESTMENT; CAPITAL STRUCTURE; CONVERSION TECHNOLOGY; MARKET VALUES; MULTI-PRODUCTS; MULTIPLE SOURCE; MULTIPLE STAKEHOLDERS; OPTIMAL DECISIONS; OPTIMIZATION MODELS; PROCESS CONFIGURATION; PRODUCT PORTFOLIOS; RENEWABLE FUELS; SPREAD RISKS; STAKEHOLDER VALUES; STRATEGIC VALUES; TECHNOLOGY UNCERTAINTY;

BIOFUELS; COMMERCE; INDUSTRY; INVESTMENTS; SUPPLY CHAINS;

OPTIMIZATION;

EID: 84871888478     PISSN: 00981354     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.compchemeng.2012.10.010     Document Type: Article

References (30)

1. Aden A. Biochemical production of ethanol from corn stover: 2007 state of technology model. Technical report, NREL/TP-510-43205 May 2008; 1617 Cole blvd, Golden, CO 80401-3393.
2. Bailly M. Production of organic acids by bipolar electrodialysis. Desalination 2002, 144:157-162.
3. Brechbill S, Tyner W. The economics of biomass collection, transportation, and supply to Indiana cellulosic and electric utility facilities. Working Paper #08-03, Dept. of Ag Econ, Purdue University, West Lafayette, IN 2008.
4. Chambost V., Mcnutt J., Stuart P. Guided tour: Implementing the forest biorefinery (FBR) at existing pulp and paper mills. Pulp & Paper Canada 2008, 109(7):1-9.
5. Chen J. Evaluation of Capital Investment and Cash Flows for Alternative Switchgrass Feedstock Supply Chain Configurations. Master's Thesis, University of Tennessee 2011.
6. Dunnett A., Adjiman C., Shah N. A spatially explicit whole-system model of the lignocellulosic bioethanol supply chain: an assessment of decentralised processing potential. Biotechnol for Biofuels 2008, 1-13.
7. Eksioglu S., Acharya A., Leightley L., Arora S. Analyzing the design and management of biomass-to-biorefinery supply chain. Comput & Ind Eng 2009, 57(4):1342-1352.
8. Huang H., Ramaswamy S., Al-Dajani W., Process Tschirner U. Modeling and analysis of pulp mill-based integrated biorefinery with hemicellulose pre-extraction for ethanol production: A comparative study. Bioresour Technol 2010, 101(2):624-631.
9. Kazi F, Fortman J, Anex R, Kothandaraman G, Hsu D, Aden A, Dutta A. Techno-economic analysis of biochemical production of cellulosic ethanol. National Renewable Energy Laboratory (NREL) Technical Report NREL/TP-6A2-46588 June 2010; National Renewable Energy Council, 1617 Cole Blvd., Golden, CO-80401.
10. Kerstetter J, Lyon JK. Wheat straw for ethanol production in Washington: A resource, technical, and economic assessment. WSUCEEP201084, Washington State University Cooperative, Extension Energy Program, 925 Plum St. SE, PO Box 43165, Olympia, WA 98504-3165.
11. Lainez J., Puigjaner L., Reklaitis G. Financial and financial engineering considerations in supply chain and product development pipeline management. Comput & Chem Eng 2009, 33(12):1999-2011.
12. Laser M., Haiming J., Jayawardhana K., Lynd L. Coproduction of ethanol and power from switchgrass. Biofuels, Bioprod & Bioref 2009, 3(1):195-218.
13. Lau M., Gunawan C., Dale B. The impacts of pretreatment on the fermentability of pretreated lignocellulosic biomass: a comparative evaluation between ammonia fiber explosion and dilute acid pretreatment. Biotechnol for Biofuels 2009, 2:30.
14. Lu J. Challenging control problems and emerging technologies in enterprise optimization. Control Eng Practice 2003, 11(8):847-858.
15. Lynd L, Wyman C, Laser M. Strategic biorefinery analysis: Review of existing biorefinery examples. Subcontract report NREL/SR-510-34895 October 2005 2002. National Renewable Energy Council, 1617 Cole Blvd., Golden, CO-80401.
16. Mansoornejad B., Chambost V., Stuart P. Integrating product portfolio design and supply chain design for forest biorefinery. Comp & Chem Eng 2010, 34(9):1497-1506.
17. Marvin W, Schmidt L, Benjaafar S, Tiffany D, Daoutidis P. Economic optimization of a lignocellulosic biomass-to-ethanol supply chain in the Midwest. Submitted for publication in Chem Eng Science; January 31, 2011.
18. Naraharisetti P., Karimi I., Srinivasan R. Supply chain redesign through optimal asset management and capital budgeting. Comput & Chem Eng 2008, 32(12):3152-3169.
19. Perlack R, Wright L, Turhollow A, Graham R, Stokes B, Erbach D. Biomass as a feedstock for a bioenergy and bioproducts industry: the technical feasibility of a billion-ton annual supply. Available electronically at: http://www.osti.gov/bridge.
20. Phillips S, Aden A, Jechura J, Dayton D, Eggeman T. Thermochemical ethanol via indirect gasification and mixed alcohol synthesis of lignocellulosic biomass. Technical report NREL/TP-510-41168 April 2008; 1617 Cole blvd, Golden, CO 80401-3393.
21. Puigjaner L., Lainez M. Capturing dynamics in integrated supply chain management. Comput & Chem Eng 2007, 32(11):2582-2605.
22. Sammons N., Eden M., Yuan W., Cullinan H., Aksoy B. A flexible framework for optimal biorefinery product allocation. Environ Progress 2007, 26(4):349-354.
23. Sharma P., Romagnoli J.A., Sarker B. A Decision Support Tool for Strategic Analysis of Sustainable Biorefineries. Computers and Chemical Engineering 2011, 35(1):1767-1781.
24. Slade R, Bauen A, Shah N., The commercial performance of cellulosic ethanol supply-chains in Europe. Biotechnol for Biofuels 2009; 2(3).
25. Tembo G., Epplin F., Huhnke R. Integrative investment appraisal of a lignocellulosic biomass-to-ethanol industry. J of Agric and Res Econ 2003, 28(3):611-633.
26. Tursun U, Kang S, Onal H, Ouyang Y, Scheffran J. Optimal Biorefinery Locations and Transportation Network for the Future Biofuels Industry in Illinois. Environ & Rural Dev Impacts Conference 2008; St. Louis, MO.
27. Varma V., Reklaitis G., Blau G., Pekny J. Enterprise-wide modeling & optimization-An overview of emerging research challenges and opportunities. Comput & Chem Eng 2006, 31(5):692-711.
28. Wellisch M., Jungmeier G., Karbowski A., Patel M., Rogulska M. Biorefinery systems-potential contributors to sustainable innovation. Biofuels Bioprod & Bioref 2010, 4(1):275-286.
29. United States Department of Agriculture. Biomass Crop Assistance Program, Final Rule. Commodity Credit Corporation 7 CFR Part 1450 October 2010.
30. Zheng Y., Zhongli P., Zhang R. Overview of Biomass pretreatment for cellulosic ethanol production. International J of Agriculture and Biological Engineering 2009, 2(3):51-68.