Techno-Economic Analysis (TEA) of thermochemical liquefaction technologies
The participating countries in Task 34
identified a need to update an earlier IEA Bioenergy techno-economic assessment
(TEA) of biomass liquefaction technologies in light of new developments in finished
fuel production, as well as changes in the economic climate since the earlier
reports from the 1980s.
The comparative TEAs will be derived from
an initial review of potential process options for transformation of biomass to
transportation fuels through pyrolytic routes. The expectation is that representative process models can be developed
including detailed process flow diagrams, mass and energy balances, equipment
sizing and costing with overall operating and capital cost calculations
performed on a uniform basis, which allows useful internal comparison. These TEAs should include extensive elemental
balance in order that environmental impacts can be judged and Life-Cycle
Analyses completed. The outcome of this
effort should be valuable to biomass producers, users, government decision makers,
as well as other stakeholders.