Technoeconomic analysis for biofuels and bioproducts

Technoeconomic analysis (TEA) is an approach for conducting process design and simulation, informed by empirical data, to estimate capital costs, operating mass balances, energy balances a commercial scale biorefinery. TEA serves as useful method screen potential research priorities, identify cost bottlenecks at the earliest stages of research, provide data needed conduct life-cycle environmental assessments. Recent studies have produced new tools methods enable faster iteration on designs, more robust uncertainty analysis, greater accessibility through use open-source platforms. There also trend toward expansive system boundaries incorporate impact policy incentives, use-phase performance differences, impacts global market supply.