Country

Australia

Date

22/05/2013

Entity

University of Queensland

Product

Biofuels

Category

Communication & analysis

Summary

Australian research releases results on economic viability of aviation biofuels
 
As part of the Queensland Sustainable Aviation Fuel Initiative, the Australian Institute for Bioengineering and Nanotechnology, based at The University of Queensland, carried out a detailed techno-economic modelling of the processes to convert three feedstocks - sucrose from sugar cane; microalgae; and oily seeds from Pongamia tree - to produce a minimum selling price for aviation biofuel.

The results showed that using current proven technologies, the biofuels would be economically competitive with crude oil at a price per barrel of $301 (sugarcane), $374 (Pongamia seeds) and $1,343 (microalgae).

The study also identified priorities for research that are likely to have the highest impact on lowering costs. These priorities include: 

  • delivering higher fermentation yields in the sucrose process;
  • producing Pongamia seeds with a higher oil content; and
  • developing cheaper and more effective microalgae harvesting technologies.

The results showed that implementing these technological improvements could lower the price to $168 (sugarcane), $255 (Pongamia seeds) and $385 (algae).

The Queensland Sustainable Aviation Fuel Initiative involve Queensland Government, the University of Queensland, James Cook University, The Boeing Company, Virgin Australia, Mackay Sugar and IOR Energy.

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Short Description

​Australian research releases results on economic viability of aviation biofuels

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Created at 23/05/2013 9:48 AM by NOVELLI, Philippe
Last modified at 09/10/2013 11:08 AM by NOVELLI, Philippe