Techno-Economic Process Modeling
Process models that integrate technical, economic, and process engineering information, ‘Techno-Economic Process Models’ are an invaluable tool in the development of biomass processing projects. Techno-economic models are versatile and precise tools that serve as a common language across technical and financial fields, allowing for better informed project definition & more inclusive process decisions.
Applied Bio-Process develops techno-economic models to specification, conducts process simulation modeling analysis studies, and provides model software programs, instructions, and reports for clients. These models are useful to project owners, investors, and financial lenders as they allow:
More informed project / process / technology decisions
Evaluation of equity investment opportunity, returns, & risks
Calculation of credit requirements, risks, and conditions
Process models developed by ABP vary in their level of detail, complexity, and versatility which is determined by the intended use of the model and client specifications. Process models allow users to enter values for technical and economic variables that are processed in the calculation of project capitalization, profitability, and economic value (ROI, IRR, NPV).
Model Applications:
Definition of project scale and scope for economic value
Evaluation and comparison of alternative processes
Evaluation of alternative technologies for relative value
Economic evaluation of project worth (ROI, IRR, NPV)
Measuring uncertainty of project technical & financial risks
Sensitivity of changes in prices / efficiencies on project worth
Calculation of expected returns & risks to capital investment
Recent Modeling Projects:
Waste Pulp Stream to Ethanol (sponsored)
Dry Grind Corn Ethanol Production