Measuring economic feasibility
Techno-economic analysis (TEA) is a powerful tool that quantifies the impact that research and development have on the economics of an integrated process.
TEAs are performed to evaluate the potential economic viability of a process and highlight key drivers in pertinent technical parameters of interest.
Our capabilities in process and TEA modeling may be leveraged to help partners understand critical factors in equipment design and operation, scale-up, and broader implications for integration of their process in an overall biorefinery context, as well as to quantify economics for any bioproduction pathway of interest.
- Identify cost drivers of an integrated design and help set specific process targets/metrics that must be achieved to support an economically attractive process
- Benchmark current economics reflective of experimentally-demonstrated performance
- Quantify uncertainties or sensitivity trends associated with process design or operations to prioritize research priorities and highlight considerations for scale-up
We are leveraging TEA modeling to establish multi-variable cost scans over key parameters of interest to ABF bioprocessing, such as product selling prices over a range of titer/rate/yield metrics. These scans will highlight important cost drivers, trends, and differences across the full metabolic space within ABF’s research scope, reflecting representative beachhead metabolic pathways and products of interest to ABF and industry. Process models are built in Aspen Plus to rigorously track mass and energy balances and provide resulting outputs for conducting sustainability analyses for those same pathways.
- National Renewable Energy Laboratory