Open AccessEconomic feasibility of tobacco leaves for biofuel production and high value squalene
Author(s) -
Aleksandre Maisashvili,
Henry L. Bryant,
James W. Richardson
Publication year - 2016
Publication title -
the international food and agribusiness management review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.474
H-Index - 35
eISSN - 1559-2448
pISSN - 1096-7508
DOI - 10.22434/ifamr2015.0179
Subject(s) - biofuel , squalene , production (economics) , commercialization , value (mathematics) , economic feasibility , agricultural economics , business , economics , biomass (ecology) , natural resource economics , microbiology and biotechnology , microeconomics , mathematics , marketing , agronomy , biology , statistics , biochemistry
In this paper, we estimate the economic feasibility of biofuel production and high value squalene from tobacco-based biomass. Pro-forma stochastic financial statements were constructed and the feasibility of multi-year financial projects were evaluated. The results suggest the commercialization of biofuel production from tobacco is not economical in the short run, but may have a potential in the long run. The results also indicate the economic feasibility of high value squalene is viable under the certain conditions.
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