A systematic quantification of performance factors has potential for making better informed decisions for biofuel development

Eemeli Hytönen, P. Stuart

    Research output: Contribution to journalArticleProfessional

    4 Citations (Scopus)

    Abstract

    A set of financial performance criteria that are suitable for retrofit forest biorefinery project appraisal are presented. A systematic quantification of performance factors has potential for making better informed decisions for biofuel development. Forest biorefinery strategies can potentially have a better financial return as the result of retrofit implementation into existing facilities; however the extent of this benefit is mill specific. Moreover, process integration leads to changes in production costs of core business pulp and paper products. Several metrics can be used for measuring project and business performance, for example economic potential, payback period, return on investment, gross profit, minimum selling price, internal rate of return (IRR) or net present value (NPV). Revenue diversification, operating performance and cost reduction are important factors for the overall ranking.
    Original languageEnglish
    Pages (from-to)23-32
    Number of pages10
    JournalPulp and Paper International
    Volume53
    Issue number10
    Publication statusPublished - 2011
    MoE publication typeD1 Article in a trade journal

    Fingerprint Dive into the research topics of 'A systematic quantification of performance factors has potential for making better informed decisions for biofuel development'. Together they form a unique fingerprint.

    Cite this