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

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Quantification
Factors
Biofuels
Pulp and paper
Project performance
Operating performance
Ranking
Performance criteria
Project appraisal
Business performance
Operating costs
Revenue
Profit
Payback
Diversification
Economic potential
Financial performance
Net present value
Internal rate of return
Return on investment

Cite this

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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.",
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A systematic quantification of performance factors has potential for making better informed decisions for biofuel development. / Hytönen, Eemeli; Stuart, P.

In: Pulp and Paper International, Vol. 53, No. 10, 2011, p. 23-32.

Research output: Contribution to journalArticleProfessional

TY - JOUR

T1 - A systematic quantification of performance factors has potential for making better informed decisions for biofuel development

AU - Hytönen, Eemeli

AU - Stuart, P.

PY - 2011

Y1 - 2011

N2 - 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.

AB - 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.

M3 - Article

VL - 53

SP - 23

EP - 32

JO - Pulp and Paper International

JF - Pulp and Paper International

SN - 0033-409X

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ER -