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Note: During the live webinar, the first few slides of Professor Ron Prinn's talk were not recorded. We have edited the video to include 2:30 minutes from one of Ron's practice sessions, so that the missed slides may be viewed. Please excuse the rough nature of these first few minutes, which will be slightly different than what was heard during the live webinar.

We will examine the cost of meeting biofuel consumption goals for US commercial aviation using renewable fuel produced using a Hydroprocessed Esters and Fatty Acids (HEFA) process from renewable oils. If soybean oil is used as a feedstock, meeting the aviation biofuel goal in 2020 will require an implicit subsidy to biofuel producers of $2.69 per gallon of renewable jet fuel, but this cost is reduced significantly if oilseed crops can be grown in rotation with existing crops.

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