Monday, November 19, 2007

Biotechnology and Economics

Technoeconomic analyzes are performed to determine the potential economic viability of a research process.

  1. Let's take a look at the pulp and paper industry
  2. We can focus on small minor questions around the paper machine
  3. Or we can assess a new profitability model for an entire supply chain from forest to market

Evaluating the costs of a given process compared to the current technology can assess the economic feasibility of a project.

These analyzes can be useful in determining which emerging technologies have the highest potential for near-, mid-, and long-term success.

  1. We start with small and practical
  2. Search for new potentials
  3. From the very beginning, a new point of view is essential

The results of a Technoeconomic are also useful in directing research toward areas in which improvements will result in the greatest cost reductions.

  1. We can save chemicals
  2. We can increase the runnability of PM
  3. Laborating with new bio-degradable products
  4. The safety of processes
  5. Less corrosion

As the economics of a process are evaluated throughout the life of the project, advancement toward the final goal of commercialization can be measured.

Technoeconomics can be used to determine the technical and economic feasibility of various biomass-based systems, including:

  • Fermentation
  • Hydrolysis
  • Direct combustion
  • Pyrolysis
  • Gasification combined cycle power systems
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