Optimal Cost of Production of Bioethanol: A Review
13 Pages Posted: 23 Aug 2022 Last revised: 24 Aug 2022
Date Written: July 24, 2022
Abstract
With the environmental impact of burning fossil fuels, biofuels have gained a lot of attention with bioethanol having a positive significant effect on the environment and ensuring a promising future. Bioethanol cost of production have roughly been estimated to 0.5usd/liter for first generation bioethanol and 1usd/liter for lignocellulosic bioethanol with USA and Brazil lead in global production chat. These prices must have doubled with the the current economic inflation the world is facing. Optimal production of bioethanol from either generations is the current focus while bioethanol from genetic modification of enzymes and algae is been explored. The ethanol yield from sugar and starch feedstocks (first generation) is lucrative and easier than Lignocellulosic biomass but the first generation competes with food availability which leads to hunger thereby creating more problems. Processes that are cost effective and Environmentally friendly in the production of bioethanol are been discussed.
Keywords: bioethanol, cost of production, optimal, first generation, lignocellulosic, ethanol yield
JEL Classification: Q29
Suggested Citation: Suggested Citation