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Economic simulation of biodiesel production: SIMB-E tool

Author

Listed:
  • de Carvalho Lopes, Daniela
  • Steidle Neto, Antonio José
  • Martins, Paulo André R.

Abstract

Recently biodiesel has been receiving increasing attention as an alternative fuel due to its environmental benefits. It is derived from renewable sources which are considered as strategic opportunities to favor environmental sustainability, to improve the population's quality of life and to promote the development of more efficient and equitable economic systems. Besides technical aspects, economics feasibility is also of great importance to access the biodiesel production viability. This paper traces the development of a software tool capable of performing economic analysis of different biodiesel plants considering the contemporary industry practices. The economic indexes considered during the analysis are the net present value (NVP), the Benefit–Costs Ratio (BCR), the Capital Return Time (CRT) and the Internal Rate of Return (IRR). Fixed capital costs, operating costs, depreciation, and auxiliary costs are also taken into account for the economic calculations.

Suggested Citation

  • de Carvalho Lopes, Daniela & Steidle Neto, Antonio José & Martins, Paulo André R., 2011. "Economic simulation of biodiesel production: SIMB-E tool," Energy Economics, Elsevier, vol. 33(6), pages 1138-1145.
  • Handle: RePEc:eee:eneeco:v:33:y:2011:i:6:p:1138-1145
    DOI: 10.1016/j.eneco.2011.02.007
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    References listed on IDEAS

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    1. Basha, Syed Ameer & Gopal, K. Raja & Jebaraj, S., 2009. "A review on biodiesel production, combustion, emissions and performance," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(6-7), pages 1628-1634, August.
    2. Srivastava, Anjana & Prasad, Ram, 2000. "Triglycerides-based diesel fuels," Renewable and Sustainable Energy Reviews, Elsevier, vol. 4(2), pages 111-133, June.
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    Cited by:

    1. Lopes, Daniela de Carvalho & Steidle Neto, Antonio José & Mendes, Adriano Aguiar & Pereira, Débora Tamires Vítor, 2013. "Economic feasibility of biodiesel production from Macauba in Brazil," Energy Economics, Elsevier, vol. 40(C), pages 819-824.

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