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Assessment of Environmental and Economic-Financial Feasibility of Biogas Plants for Agricultural Waste Treatment

Author

Listed:
  • Stefaniia Belinska

    (Grant Thornton Audit, s.r.o., 811 06 Bratislava, Slovakia)

  • Peter Bielik

    (Institute of Economics, Pan-European University, 820 09 Bratislava, Slovakia)

  • Izabela Adamičková

    (Institute of Economics and Management, Slovak University of Agriculture in Nitra, 949 01 Nitra-Chrenová, Slovakia)

  • Patrícia Husárová

    (Institute of Economics and Management, Slovak University of Agriculture in Nitra, 949 01 Nitra-Chrenová, Slovakia)

  • Svitlana Onyshko

    (Department of Financial Markets and Technologies, State Tax University, 08200 Irpin, Ukraine)

  • Yanina Belinska

    (Department of International Economic Relations, State Tax University, 08200 Irpin, Ukraine)

Abstract

The use of individual biogas plants can be a means of solving many energy-environmental and financial-economic problems. The article aims to assess the prerequisites and consequences of using biogas plants at the macro and micro levels to search for opportunities to reduce the cost of their installation and make them more affordable for individual farms. The need for the use of biogas plants by farms is determined by the fact that these farms have a raw material base; the growing cost of energy resources pushes them to search for new sources of profit. At the micro level, the costs of biogas plants in the conditions of companies and individual farms in the Slovak Republic are evaluated. At the macro level, the aggravation of energy and agricultural problems and the need to transition to green technologies require a comprehensive approach to their solution. The article investigated the cost of purchasing and operating biogas plants based on a private company’s data. It assessed the cost of the construction of a biogas plant and more. The analysis of biogas plant operation results showed that its purchase and use by a farm can be financially unprofitable but bring significant benefits in the energy, environmental, and social dimensions.

Suggested Citation

  • Stefaniia Belinska & Peter Bielik & Izabela Adamičková & Patrícia Husárová & Svitlana Onyshko & Yanina Belinska, 2024. "Assessment of Environmental and Economic-Financial Feasibility of Biogas Plants for Agricultural Waste Treatment," Sustainability, MDPI, vol. 16(7), pages 1-17, March.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:7:p:2740-:d:1364282
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    References listed on IDEAS

    as
    1. Herbes, Carsten & Halbherr, Verena & Braun, Lorenz, 2018. "Factors influencing prices for heat from biogas plants," Applied Energy, Elsevier, vol. 221(C), pages 308-318.
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