Wu, Jinzhuo; Sperow, Mark; Wang, Jingxin - In: Journal of Agricultural and Resource Economics 35 (2010) 3
-based ethanol facility in the central Appalachian hardwood region. The model maximizes the net present value (NPV) of a facility … scenario. Average ethanol production costs were approximately $2.02 to $2.08 per gallon. Production costs were most impacted by … biomass availability, mill residue purchase price, plant investment and capacity, ethanol yield, and financing. Findings …