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An approach to the economics of two vegetable oil-based biofuels in Spain

Author

Listed:
  • Dorado, M.P.
  • Cruz, F.
  • Palomar, J.M.
  • López, F.J.

Abstract

Biodiesel is a form of renewable energy that provides a less polluting fuel for diesel engines with minimal reduced engine performance as a result of a slight power loss and specific fuel consumption increase. To extend the use of biodiesel, the main concern is the economic viability of producing biodiesel. This study identified that the price of the feedstock was one of the most significant factors. Also, glycerol was found to be a valuable by-product that could reduce the final manufacturing costs of the process up to 6.5%, depending on the raw feedstock used. Biodiesel can only compete with diesel fuel prices.

Suggested Citation

  • Dorado, M.P. & Cruz, F. & Palomar, J.M. & López, F.J., 2006. "An approach to the economics of two vegetable oil-based biofuels in Spain," Renewable Energy, Elsevier, vol. 31(8), pages 1231-1237.
  • Handle: RePEc:eee:renene:v:31:y:2006:i:8:p:1231-1237
    DOI: 10.1016/j.renene.2005.06.010
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    Citations

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    Cited by:

    1. Goh, Chun Sheng & Lee, Keat Teong, 2010. "Palm-based biofuel refinery (PBR) to substitute petroleum refinery: An energy and emergy assessment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2986-2995, December.
    2. Chakrabarti, Mohammed Harun & Ali, Mehmood & Usmani, Jafar Nazir & Khan, Nasim Ahmed & Hasan, Diya'uddeen Basheer & Islam, Md. Sakinul & Abdul Raman, Abdul Aziz & Yusoff, Rozita & Irfan, Muhammad Fais, 2012. "Status of biodiesel research and development in Pakistan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 4396-4405.
    3. Agarwal, Deepak & Kumar, Lokesh & Agarwal, Avinash Kumar, 2008. "Performance evaluation of a vegetable oil fuelled compression ignition engine," Renewable Energy, Elsevier, vol. 33(6), pages 1147-1156.
    4. Suganya, T. & Varman, M. & Masjuki, H.H. & Renganathan, S., 2016. "Macroalgae and microalgae as a potential source for commercial applications along with biofuels production: A biorefinery approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 909-941.
    5. Gupta, Mayank & Kumar, Naveen, 2012. "Scope and opportunities of using glycerol as an energy source," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 4551-4556.
    6. repec:gam:jeners:v:11:y:2018:i:2:p:302-:d:129384 is not listed on IDEAS
    7. repec:eee:renene:v:114:y:2017:i:pb:p:480-488 is not listed on IDEAS
    8. Mbarawa, Makame, 2008. "Performance, emission and economic assessment of clove stem oil–diesel blended fuels as alternative fuels for diesel engines," Renewable Energy, Elsevier, vol. 33(5), pages 871-882.
    9. Kumar, Niraj & Varun, & Chauhan, Sant Ram, 2013. "Performance and emission characteristics of biodiesel from different origins: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 633-658.
    10. Al-Jammal, Noor & Al-Hamamre, Zayed & Alnaief, Mohammad, 2016. "Manufacturing of zeolite based catalyst from zeolite tuft for biodiesel production from waste sunflower oil," Renewable Energy, Elsevier, vol. 93(C), pages 449-459.
    11. Peri, Massimo & Baldi, Lucia, 2013. "The effect of biofuel policies on feedstock market: Empirical evidence for rapeseed oil prices in EU," Resource and Energy Economics, Elsevier, vol. 35(1), pages 18-37.
    12. Ishola, Mofoluwake M. & Brandberg, Tomas & Sanni, Sikiru A. & Taherzadeh, Mohammad J., 2013. "Biofuels in Nigeria: A critical and strategic evaluation," Renewable Energy, Elsevier, vol. 55(C), pages 554-560.
    13. Russi, Daniela, 2008. "An integrated assessment of a large-scale biodiesel production in Italy: Killing several birds with one stone?," Energy Policy, Elsevier, vol. 36(3), pages 1169-1180, March.

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    Keywords

    Economics; Biodiesel; Renewable energy;

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