Assessing the economic feasibility of short rotation loblolly biomass plantations

— filed under:

Kantavichai, Rapeepan, Tom V. Gallagher, and Larry D. Teeter. 2013. Forest Policy and Economics 38 (0): 126–31. doi:10.1016/j.forpol.2013.05.003.

Type Journal Article
Author Rapeepan Kantavichai
Author Tom V. Gallagher
Author Larry D. Teeter
URL http://dx.doi.org/10.1016/j.forpol.2013.05.003
Volume 38
Issue 0
Pages 126-131
Publication Forest Policy and Economics
ISSN 1389-9341
Date June 6, 2013
Journal Abbr Forest Policy and Economics
DOI 10.1016/j.forpol.2013.05.003
Abstract Abstract Recently, interest in short rotation loblolly plantations as a feedstock for cellulosic biofuel production has been growing. This study explored the potential of these plantations as an economically feasible alternative by validating a simulation growth model with two young loblolly plantations located in Coastal Plain Alabama and analyzing the breakeven price of a biomass plantation by comparing it to the expected value from a traditional timber management prescription on two typical AL sites in Piedmont and Coastal Plain. With three real discount rates; 5%, 7% and 9%, we found that landowners would find short rotation biomass plantations attractive when the stumpage price is approximately $10.50 ton− 1 on a Piedmont site with a 14-year rotation and approximately $13.50 ton− 1 on a Coastal Plain site with a 9-year rotation. Sensitivity analysis of the breakeven price suggests that biomass breakeven price would increase 15% on the Piedmont site and 22% on the Coastal Plain site when sawtimber prices increase by 50%.

Keywords:

  • Bioenergy
  • Biofuels
  • Biomass
  • Cellulosic biofuel
  • Forest management
  • Loblolly
  • Plantations
  • Prices
  • Short rotation

Download File

citation.ris — Octet Stream, 1Kb

 
Document Actions
Personal tools