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Economic feasibility of biodiesel production from Macauba in Brazil

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  • Lopes, Daniela de Carvalho
  • Steidle Neto, Antonio José
  • Mendes, Adriano Aguiar
  • Pereira, Débora Tamires Vítor

Abstract

In this work the economic feasibility of biodiesel production in Brazil by using the Macauba oil as raw matter is studied. The software SIMB-E, in which a cash flow model applied to biodiesel production is implemented, was used during simulations. Economic indexes related to biodiesel production features, as well as the competitiveness between selling prices of biodiesel and petrodiesel were considered. It was found that all of the 8 simulated scenarios were potentially profitable, but only 2 of them presented competitive biodiesel selling prices, being considered as worthwhile projects. These were seed-oil plants with alkaline transesterification. Results also indicated that the success of biodiesel production still requires additional revenues beyond that derived from biodiesel itself, including income from the feedstock coproducts and glycerol. Macauba showed to be a potential crop to be used in biodiesel production. However, the domestication and improvement on processing of this species are indispensable to ensure its availability of long-term use.

Suggested Citation

  • Lopes, Daniela de Carvalho & Steidle Neto, Antonio José & Mendes, Adriano Aguiar & Pereira, Débora Tamires Vítor, 2013. "Economic feasibility of biodiesel production from Macauba in Brazil," Energy Economics, Elsevier, vol. 40(C), pages 819-824.
    • Handle: RePEc:eee:eneeco:v:40:y:2013:i:c:p:819-824
    DOI: 10.1016/j.eneco.2013.10.003
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    References listed on IDEAS

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    1. Jegannathan, Kenthorai Raman & Eng-Seng, Chan & Ravindra, Pogaku, 2011. "Economic assessment of biodiesel production: Comparison of alkali and biocatalyst processes," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(1), pages 745-751, January.
    2. Vlysidis, Anestis & Binns, Michael & Webb, Colin & Theodoropoulos, Constantinos, 2011. "A techno-economic analysis of biodiesel biorefineries: Assessment of integrated designs for the co-production of fuels and chemicals," Energy, Elsevier, vol. 36(8), pages 4671-4683.
    3. de Carvalho Lopes, Daniela & Steidle Neto, Antonio José & Martins, Paulo André R., 2011. "Economic simulation of biodiesel production: SIMB-E tool," Energy Economics, Elsevier, vol. 33(6), pages 1138-1145.
    4. Anselm Eisentraut, 2010. "Sustainable Production of Second-Generation Biofuels: Potential and Perspectives in Major Economies and Developing Countries," IEA Energy Papers 2010/1, OECD Publishing.
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    2. Brondani, L.N. & Ribeiro, J.S. & Castilhos, F., 2020. "A new kinetic model for simultaneous interesterification and esterification reactions from methyl acetate and highly acidic oil," Renewable Energy, Elsevier, vol. 156(C), pages 579-590.
    3. Felipe Seabra d’Almeida & Roberto Bentes de Carvalho & Felipe Sombra dos Santos & Rodrigo Fernandes Magalhães de Souza, 2022. "Economic Analysis of a Conceptual Industrial Route for Printed Circuit Boards Processing Based on Mass and Energy Balances," World, MDPI, vol. 3(3), pages 1-15, July.
    4. Monteiro, Marcos Roberto & Kugelmeier, Cristie Luis & Pinheiro, Rafael Sanaiotte & Batalha, Mario Otávio & da Silva César, Aldara, 2018. "Glycerol from biodiesel production: Technological paths for sustainability," Renewable and Sustainable Energy Reviews, Elsevier, vol. 88(C), pages 109-122.
    5. César, Aldara da Silva & Almeida, Fabiano de Azedias & de Souza, Raquel Pereira & Silva, Gilmar Clemente & Atabani, A.E., 2015. "The prospects of using Acrocomia aculeata (macaúba) a non-edible biodiesel feedstock in Brazil," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 1213-1220.
    6. Pasa, Thiago Luiz Belo & Souza, Gredson Keiff & Diório, Alexandre & Arroyo, Pedro Augusto & Pereira, Nehemias Curvelo, 2020. "Assessment of commercial acidic ion-exchange resin for ethyl esters synthesis from Acrocomia aculeata (Macaúba) crude oil," Renewable Energy, Elsevier, vol. 146(C), pages 469-476.

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    More about this item

    Keywords

    Acrocomia aculeata; Economy; Transesterification;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services

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