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A New, Renewable, Drop-in, Waste-based Fuel Emerges, Competitive with $30 Oil
Renewable Energy World: In Germany and Portugal, a new drop-in biofuels process has emerged which is cost-competitive with $30 oil, according to the inventors. The process breaks even with crude oil, on a 10-year amortized basis for capex, at roughly $20.30 per barrel of crude oil (assuming refining costs of $8.66 per barrel).
The drop-in gasoline blendstock, for a 100,000 ton per year plant (roughly 36.7 million gallons), is expected to cost $0.69 per gallon based on the latest estimates for corn stover — less, in the case of sugar cane bagasse.
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