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Title Synergies between agriculture and bioenergy in Latin American countries: A circular economy strategy for bioenergy production in Ecuador
ID_Doc 28849
Authors Vega-Quezada, C; Blanco, M; Romero, H
Title Synergies between agriculture and bioenergy in Latin American countries: A circular economy strategy for bioenergy production in Ecuador
Year 2017
Published
DOI 10.1016/j.nbt.2016.06.730
Abstract This study quantifies the synergies between agriculture and bioenergy considering biodiesel production as part of a set of systemic initiatives. We present a case study in Ecuador taking into account the recent government measures aimed at developing the bioenergy sector. Four scenarios have been evaluated through a newly designed systemic scheme of circular-economy initiatives. These scenarios encompass three production pathways covering three energy crops: palm oil (PO), microalgae in open ponds (M1) and microalgae in laminar photobioreactors (M2). We have applied Benefit-Cost Analysis (BCA) methodology considering the Net Present Value (NPV) and the Benefit-Cost Ratio (BCR) as the main evaluation criteria. In terms of private investment, biodiesel production from PO is more attractive than from M2. However, regarding efficiency and effectiveness of public funds, M2 is superior to PO because the public BCR and NPV are higher, and the pressure on agricultural land is lower. Moreover, M2 as part of a systemic approach presents a better carbon balance. These findings show that, under a systemic approach based on circular economy, strategies like the one analyzed in this study are economically feasible and may have a promising future. (C) 2016 Elsevier B. V. All rights reserved.
Author Keywords Applied biotechnology; Bioenergy; Circular agriculture; Algae biodiesel; Carbon emissions
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Science Citation Index Expanded (SCI-EXPANDED)
EID WOS:000410912900011
WoS Category Biochemical Research Methods; Biotechnology & Applied Microbiology
Research Area Biochemistry & Molecular Biology; Biotechnology & Applied Microbiology
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