This project will inform investment decisions and policy development by integrating economic modelling – designed for decision making under uncertainty – into the biomass energy supply chains.
A major impediment to the growth of the bioenergy sector is the current uncertainty with respect to the reliable supply of sufficiently large quantities of feedstocks to feed processing facilities of sufficient scale. Reducing this uncertainty would help inform future bioenergy policies and private investment decisions.
The overall goal of this research is to construct three models: (i) a feedstock supply model, (ii) a product options model, and (iii) a supply chain model. These models will estimate the amount, location, and costs of cellulosic bioenergy feedstocks available over time, which are sensitive to changes in market prices and yield variability. The information will be valuable to bioenergy producers considering new investments, as well as to policy makers interested in attracting such investments