...BioFuel Energy Corp., headquartered in Denver, Colorado, produces ethanol and its co-products, primarily distillers grain, at its two production facilities located in Wood River, Nebraska and Fairmont, Minnesota. (BioFuel Energy Corp. 10-K, pg. 2). The operations and cash flows of BioFuel are exposed to wide and unpredictable fluctuations due to changes in commodities prices, particularly, the price of its main commodity, corn, in relation to the price of its main commodity product, ethanol. Ethanol is a clean burning, high-octane fuel that is produced from the fermentation of carbohydrates such as grains, starches, and sugars and used as a gasoline additive to increase the octane rating and comply with air emissions regulations by reducing emissions of carbon monoxide and nitrogen oxide. Also, the Renewable Fuel Standard (RFS) mandates that renewable biofuels comprise a certain minimum amount of the U.S. fuel supply. Fuel blended with up to 10% ethanol is approved for use by major motor vehicle manufacturers and is often recommended as a result of ethanol’s clean burning characteristics (BioFuel Energy Corp. 10-K, pg. 5). BioFuel has various unique accounting methods such as revenue recognition and inventory valuation, due to changes in commodity prices and BioFuel’s exclusive buyer-seller relationship with Cargill. One of BioFuel’s unique accounting methods is revenue recognition. Revenue is recognized by BioFuel when the risk of loss and title transfers upon the...
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...Production of biofuels from raw materials requires energy (for farming, transport and conversion to final product, and the production / application of fertilizers, pesticides, herbicides, and fungicides), and has environmental consequences.[28] The energy balance of a biofuel (sometimes called "Net energy gain" and EROEI) is determined by the amount of energy put into the manufacture of fuel compared to the amount of energy released when it is burned in a vehicle. This varies by feedstock and according to the assumptions used. Biodiesel made from sunflowers may produce only 0.46 times the input rate of fuel energy.[29] Biodiesel made from soybeans may produce 3.2 times the input rate of fossil fuels.[30] This compares to 0.805 for gasoline and 0.843 for diesel made from petroleum.[31] Biofuels may require higher energy input per unit of BTU energy content produced than fossil fuels: petroleum can be pumped out of the ground and processed more efficiently than biofuels can be grown and processed. However, this is not necessarily a reason to use oil instead of biofuels, nor does it have an impact on the environmental benefits provided by a given biofuel. Studies have been done that calculate energy balances for biofuel production. Some of these show large differences depending on the biomass feedstock used and location.[32] To explain one specific example, a June 17, 2006 editorial in the Wall. St. Journal stated, "The most widely cited research on this subject comes from Cornell's...
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...el Tilapia Oreochromis niloticus Scales as a source of BIOFUEL Rsearcher: Jelyne Daryl F. Romero Background of the Study Fuels are substance that give off heat when they burn. Fuel provides our world energy use for heating, cooking, powering ships, cars, and machines and electricity. High prices of gasoline pose a problem to many people. Higher energy costs are flowing down into the costs of other products that we buy. And most people are affected especially the poor people. On the other hand, using the scales of Tilapia as a good source of BIOFUEL, in one way or another, will add to demand for said palm. The use and promotion of BIOFUEL in the country could be a “win-win solution” for both the people and the environment as the world is currently facing a phenomenon called global warming. The use of BIOFUEL will also unlock the country’s dependence on fossil fuels which price depends on the international market. Both Biodiesel and Ethanol are clean, grow-your-own fuels that can be made onsite in villages or local communities from renewable, locally available resources, for the most part using simple equipment that a local workshop can make and maintain. These fuels are among a wide range sustainable local energy options. Others are methane (biogas) digesters that run livestock, crop, and food wastes into cooking and heating gas, charcoal and fuel wood (good fuels unless over harvesting destroys...
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...affect different things that are important to the lives of Filipinos. It affects the price of food, utilities, price and many more that rely on the energy and transportation that crude oil can provide. Crude oil basically comes from fossil fuel. Fossil fuels are formed through the decomposition without oxygen of dead organisms. Fossil fuels take millions of years to form but are being used fast. Most experts say that it will only take about 50 years for the fossil fuels to be depleted. As it becomes closer to depletion, its price will surely increase as the basic rule of economics states. The only way to cope with low supply but high demand is to increase its price. The Solution: There are many possible alternatives for fossil fuels as source of energy but the use of biofuels is the most favourable since it is cheaper, renewable and degradable or has use compared to other alternatives. Biofuels are fuels which energy is derived from biological objects like plants or animal extracts. They can be in solid, liquid or gas form. Liquid biofuels are used as alternative fuels for vehicles in place of petroleum. The previously known alternative for petroleum is ethanol. But the problem with using ethanol is that it cannot replace petroleum directly. That has been a problem until biodiesel is discovered. Biodiesel is also a biofuel, produced...
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...Biomass: Will It Be Too Late? Susan Bergeron NSCI 280 Nicole Finley Bryant & Stratton 11/24/2011 Biomass: Will It Be Too Late There are wide assessments of biomass energy’s role in expanding our national energy supplies. There are advantages and limitations in the U. S. ethanol industry which research is being done even more than ever because of such high petroleum prices. According to Choices magazine the main advantage of ethanol is cost reducing as a gasoline additive and as a gasoline replacement using E85, which are motor fuel blends of 85% ethanol and just 15% gasoline. The problem is there are not enough corn crops to supply the gasoline demands. Other technologies are needed if bio-energy is going to expand its role in the national energy scene. Biomass processing could become profitable in the future with improvement in technology. The most important benefit of renewable energy systems is the decrease of environmental pollution and using up our current resources. However the role of biomass-ethanol in natural energy supply depends upon the success of fuel processing technologies and the energy price increase. Is there enough public knowledge to help promote and fund the need of modern technology that is needed to supply us with ethanol and biodiesel? “Biomass is a generic term for all vegetable material. It is generally a term for material derived from growing plants or from animal manure. The term modern biomass is generally used to describe...
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...1. Internship with BIOCOM for Summer 2012 This summer I will be interning with the BIOCOM agency which is a leader in the alternative biofuels industry. The BIOCOM Institute was created to support science education and help provide opportunities for students, teachers, and scientists to work together within the life science industry. The mission of the BIOCOM Institute is to serve as a bridge between university students and life science companies to create a wide-range of education initiatives that advance scientific learning. The Institute has been successful at partnering with key agencies, life science companies, and areas of learning to encourage change through network collaboration and outreach programs. These communities have come together to create innovative solutions for meeting local and state science education and workforce needs. The BIOCOM Institute helps to ensure a prosperous and productive future for the life science industry. Through the Economic Development for a Green Economy (EDGE) initiative I will be able to work with San Diego based companies that are in the alternative biofuel industry. The EDGE Initiative will provide me with the education, training and placement services in the growing biofuels/ biotechnology industry I need to get myself ready for graduate school. This will allow me to see the inner working of this fast growing industry and what it takes to be an industry leader in this new and emerging field. This will also help me to better understand...
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...and Extension Economist Department of Agricultural Economics, Texas A&M University, 600 John Kimbrough Blvd, 2124 TAMU. College Station, Texas, 77843-2124, U.S.A. b f a Professor, Department of Biological and Agricultural Engineering, Room 127, Hobgood Building, Texas A&M University, College Station, Texas, 77843, U.S.A. Abstract This paper analyzed the economic feasibility of a mobile bioenergy pyrolysis system using a Monte Carlo simulation model. Pyrolysis transforms any cellulosic materials into i) a bio-oil similar to crude oil ii) a synthesis gas similar to natural gas, and iii) a bio-charcoal substance. The pyrolyzer machine is currently being manufactured and tested with various types of feedstocks including corn stover and energy sorghum. The economic analysis focused on creating an automated process that integrates a transportation logistics cost optimization model with geographic information system (GIS) data. The geographic data provides possible paths for the mobile bioenergy pyrolysis unit as it moves to and from each harvest area, depending on stochastic availability of feedstock (determined by historical crop yields) and distance to oil refineries. The results indicated that there is a low probability of a positive Net Present Value (NPV) with current economic conditions. In general, the NPV was highest with a stationary scenario and it decreased with...
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...Iron Solutions: Developing New Algal Growth Media for Increased Iron Uptake Andrew Sweeney U.S. Department of Energy Office of Science, Science Undergraduate Laboratory Internship (SULI) University of California San Diego Lawrence Berkeley National Laboratory Berkeley, California August 6, 2015 Prepared in partial fulfillment of the requirements of the U.S. Department of Energy Office of Science, Science Undergraduate Laboratory Internship (SULI) under the direction of Dr. Nigel Quinn in the Earth Sciences Division at Lawrence Berkeley National Laboratory. ABSTRACT This study endeavored to improve sustained productivity of mass cultivated marine microalgae by using limitation of iron, a vital micronutrient, to create a growth medium that would prevent the growth of non-predatory invasive organisms. Iron’s aqueous chemistry is quite complex, and much of this study is focused on the chemical transformations of iron chelates and iron salts in the growth medium my group developed for Nannochloropsis oculata.. This algae has been identified ,because of its high proportion of unsaturated lipids, as a promising candidate for biofuels, specialty chemicals, and protein rich animal feed. Nannochloropsis oculata. also promises to be resource efficient as the cell’s small size ,and minimal agitation requirement, minimizes the loss of inorganic carbon through escaping CO2. The cells were grown in four different media (iron free, 30uM FeEDTA, 10um ferrous sulfate,...
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...Sarju Patel BC607 Assignment 7.1 Oil Producers vs. Oil Users Oil is a unique and finite commodity. Every person in the world is affected by oil and it plays a vital role within modern society. It has also been associated with conflict since the First World War. The importance of oil is such that nationals and ethnic groups are prepared to go to war for this commodity if necessary. As such, a unique set of economic circumstances and policy issues surround oil. These include oil’s links to industrialization, economic growth, the distribution of wealth, and global warming. Oil is vital to the functioning of the economy of individual countries as well as the global economy. It plays an essential role in transport systems (ground, air and sea), agriculture, chemicals, and the military. Thousands of products are made using oil including plastics, pesticides, paints, inks, synthetic fibers, solvents, medicines, and other vital everyday use products. The reality is that oil is all around us, even when it is not being used in vehicle or other transport engines. Since oil is a finite commodity, concerns about when the supply of oil will decline and run out is of paramount importance and concern. The world’s supply of readily accessible oil is declining simply because more oil is being extracted than being discovered. New technologies that gain access to reservoirs previously hard to access may extend the life of these reserves. However, demand for oil in developed...
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...Report: Gap analysis RSB sustainability standard [Company A] Report date: [Day] [Month] [Year] Report authors: Ander Paz and Peter Vissers (Partners for Innovation BV) (corresponding author: p.vissers@partnersforinnovation.com) Report reviewer: [Person P] Report status: Confidential, final version Report produced for: [Company A] [LOGO Company A] PREFACE >> This preface provides background on the report template for the gap analysis against the RSB sustainability standard. Report template and toolbox This report template is part of the toolbox that was developed and piloted within the project “Towards Sustainability Certification of Jatropha Bio-fuels in Mozambique”. This project was initiated in 2009 and implemented in 2010 by the Jatropha Alliance together with Partners for Innovation and GEXSI. The report template is published for inspiration. We hope that the tools developed within the pilot project can inspire other companies involved in assessing and developing their sustainability practices. Toolbox and tools are made available through the websites of the project team: www.jatropha-alliance.org and www.partnersforinnovation.com. Structure of the report template The RSB gap analysis report template offers an example on how an assessor can report on the gap analysis. The template is available in MS Word. It contains a number of introductory sections, four main chapters and three annexes. The report template basically provides a structure...
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...The Quest for Biofuels: Issues and Concerns Biofuels have been billed as an important component in the United States bid to become less dependent on foreign energy. As the price of crude oil continues to increase, and as the country sets its sights on becoming less dependent on foreign oil the pressure is mounting to increase the production of biofuels. In addition, the global energy demand is continuing to increase and known petroleum supplies are decreasing (CAST II, 2007); the need for a sustainable substitute for current fossil fuels has become more evident than ever. The rise in costs of traditional energy sources has raised this issue to prominence in many American households as well. Several government agencies and working groups have set goals, targets, and timelines for reducing the use of fossil fuels and the substitution of biofuels to fill the energy demand. This push for the use of biofuels will have dramatic effects on many sectors of the American economy and many new problems and issues will arise that need to be considered. Currently grain-based ethanol production is the primary means by which biofuels are produced in the United States. Corn is the grain of choice in this production system. The annual production capacity of ethanol has increased rapidly in recent years, from 1.7 billion gallons in 2000 to 4.3 billion gallons in 2006 (CAST, 2006). It is also projected that the annual production capacity will increase to 7 billion gallons by 2008 (CAST, 2006)...
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...Course: BIOL 443 Professor: Dr. Owen Ward Introduction Global interests in biofuel production as a substitute for liquid transport fuel have grown substantially in recent years, mainly due to concerns over energy security and climate change (Yahya et al, 2012). The most common used biofuels are biodiesel and bio-ethanol, which can replace diesel and gasoline, respectively, with limited or no modifications of vehicle engines (Karthikeya, 2012). These first generation biofuels are typically extracted from food and oil crops including rapeseed oil, sugarcane, sugar beet and corn as well as vegetable oil and animal fats using traditional technologies (Brennan and Owende, 2009). However, the use of first generation biofuels have generated wide-scale criticisms, primarily due to raising competition with food production, increased water consumption, soil degradation, biodiversity loss, their low energy potential and their role in greenhouse gas emissions (Barbosa et al., 2011). A particular concern is that the demand for biofuels could place substantial additional pressure on the natural resources such as arable land. Currently, about 1% (14 million hectares) of the world’s available arable land is used for the production of biofuels, providing 1% of global transport fuels (Beal et al., 2012). However, with a fixed and possibly reducing amount to arable land, increasing the share of land devoted to biofuel production will have severe impact on world’s food supply as well as harmful...
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...fruit is effective in treatment of diseases of the respiratory tract such as: bronchitis, cough, asthma and those related illnesses caused by cold(Pimentel, 2005). The tree grows in clayey soils with deficient drainage subject to frequent floods. It grows at elevations from sea level eight hundred meters and an annual rainfall between 1,500 to 1,300 millimeters and an annual temperature of twenty-six degrees Celsius (Olanu, 2011). The chemical constituents of the crescentiacujete; the crude carbohydrate found in the fruit is 18%. The fruit can be considered a good source of crude carbohydrate. Carbohydrate supplies energy to the cells. The mean value of sucrose content of the fruit is fifty-nine percent. The high carbohydrate and sucrose content of the fruit is 59% which makes the fruit a good source for ethanol production through fermentation. The mean energy value is high when compared with those of banana and other fruits. The value recorded for lead, chromium and nickel in...
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...2012 2012 Dec 20th Dec 20th The Relationship between the Price of Petrol, Biofuels, and Food: a case for biofuels NCUK IFY BEIJING AOJI 6108 Jack (Ba-12-0023) The Relationship between the Price of Petrol, Biofuels, and Food: a case for biofuels NCUK IFY BEIJING AOJI 6108 Jack (Ba-12-0023) Contents Introduction 2 Key terms 2 Graph 1 supply and demand curve 3 Graph 2 food price since 1990 3 Graph 3 wheat future US 4 Main body 4 The influence of the price of petrol on biofuels in long-term 4 Graph 4 America bio-ethanol output 5 The subsequent effect on food price 5 Graph 5 percentage of main biofuel production country 5 Table 1 Wheat production and consumption 7 Discussion 9 Evaluation 9 Graph 6 China food price 10 Conclusion 11 References ...
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...Biomass & Biofuel Biomass & Biofuel: The Future Umaer Ahmed SBI4U-03 Badgery, J. 01/02/13 Biomass & Biofuel: The Future Biofuels are a recent development that has stemmed a great deal of research into the issue of alternative energy. The energy that we get from biofuels originally came from the sun. This solar energy was captured through photosynthesis by the plants used as feedstock (raw materials) for biofuel production, and stored in the plants’ cells. This energy-containing biomass is converted into biofuel through biochemical, chemical, and thermo chemical conversion processes. For example, ethanol, today’s largest volume of biofuel, is produced through a biochemical process. In this process, yeasts ferment sugar from starch and sugar crops into ethanol. Most ethanol is produced from sugar canes and cornstarch. Biochemical conversion techniques allow us to make use of more abundant “cellulosic” biomass sources such as grass, trees, and agricultural residues. A simpler chemical process used to produce a biofuel is the production of biodiesel. Biodiesel facilities start with vegetable oils, seed oils, or animal fats and reacts them with methanol/ethanol in the presence of a catalyst. Algae and plants can serve as a natural source of oil which refineries can convert into jet fuel or diesel fuel. Once the biomass has been converted into biofuel, the biofuel is used to...
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