Capabilities for the Techno-Economic and Sustainability Analysis of Biomass Conversion
Evaluating biomass conversion processes and catalytic materials using a triple-bottom
Techno-economic and sustainability analysis capabilities are critical for the assessment
of commercial applicability and relevance of catalyst development research. These
types of analyses help translate research gains into potential economic and commercial
advances, upon the deployment of catalysts in scaled up processes. Evaluating the
production costs of a given process technology, based on current performance and targets
established for process improvements though research efforts, allows the analysis
team and researchers to assess the potential economic feasibility of a process configuration.
Results of these analyses are useful in determining the potential for near-, mid-,
and long-term deployment success.