TY - CHAP
T1 - The Economic Feasibility of Electricity Generation from Biomass on the South Plains of Texas
AU - Liu, Xiaolan
AU - Farmer, Michael
AU - Capareda, Sergio
PY - 2011
Y1 - 2011
N2 - This study explores the economic feasibility of bio-energy generation from agricultural waste biomass in order to complement local nucleus business by meeting specific market demand for electricity. With GIS maps combined with production location analysis, we identify the locations of appropriate sites (groups) and associated volumes of cotton gin waste (CGW). Based on the Bayesian Markov chain Monte Carlo (MCMC) method, we estimate the probability distribution of CGW supply, which is an important factor in economic models to search optimal firm scales. Sensitivity analysis and cost/benefit analysis also are conducted. We find convincingevidence that onsite gasification has positive profit margins for generating electricity to meet higher-valued peak power contracts, self consumption, and incidental sale, but bio-oil production using pyrolysis may be too expensive for generating electricity using bio-oils in the study region.
AB - This study explores the economic feasibility of bio-energy generation from agricultural waste biomass in order to complement local nucleus business by meeting specific market demand for electricity. With GIS maps combined with production location analysis, we identify the locations of appropriate sites (groups) and associated volumes of cotton gin waste (CGW). Based on the Bayesian Markov chain Monte Carlo (MCMC) method, we estimate the probability distribution of CGW supply, which is an important factor in economic models to search optimal firm scales. Sensitivity analysis and cost/benefit analysis also are conducted. We find convincingevidence that onsite gasification has positive profit margins for generating electricity to meet higher-valued peak power contracts, self consumption, and incidental sale, but bio-oil production using pyrolysis may be too expensive for generating electricity using bio-oils in the study region.
UR - http://www.scopus.com/inward/record.url?scp=84884073745&partnerID=8YFLogxK
U2 - 10.2174/978160805233211101010158
DO - 10.2174/978160805233211101010158
M3 - Chapter
AN - SCOPUS:84884073745
SN - 9781608056149
SP - 158
EP - 169
BT - The Economics of Alternative Energy Sources and Globalization
PB - Bentham Science Publishers Ltd.
ER -