@misc{1cc5d63779c449af9b5ec925f4b607ac,
title = "BETO 2021 Peer Review: 2.1.0.100 - Biochemical Platform Analysis",
abstract = "The objective of this project is to perform techno-economic analysis (TEA) to guide Biochemical Platform efforts, utilizing models for purposes of setting future R&D targets and tracking performance progress against those targets. Outcomes of our work are leveraged by BETO to guide program plans, as well as by other NREL/partner projects to quantify the impact of research on key technology barriers and to prioritize future efforts. This project provides high impact and relevance through establishing “bottom-up” TEA models as a basis for understanding the technical feasibility to meet “top-down” BETO cost targets. By providing a framework to translate technical performance to cost reductions in a biorefinery, our TEA models may be leveraged to maximize the efficiency of research funding towards the most economically impactful priorities, ultimately in support of BETO{\textquoteright}s 2030 fuel cost targets below $2.5/GGE. In order to mitigate a key risk/challenge to this project in overly-constraining our analyses to a singular technology focus or TEA metric, our approach continuously re-assesses opportunities for better optimization and alternative technology pathway options, while maintaining close interaction with other BETO analysis partners. We have made numerous recent accomplishments rooted around identifying and working with the researchers to solve key technical and TEA/LCA challenges, reflected through notable improvements in State-of-Technology (SOT) updates over prior benchmarks.",
keywords = "biochemical, biochemical conversion, economic analysis support, process design, TEA",
author = "Ryan Davis",
year = "2021",
language = "American English",
series = "Presented at the U.S. Department of Energy's Bioenergy Technologies Office (BETO) 2021 Project Peer Review, 8-12, 15-16, and 22-26 March 2021",
type = "Other",
}