AUTHOR=Carlson Nicholas A. , Talmadge Michael S. , Singh Avantika , Tao Ling , Davis Ryan 

TITLE=Economic impact and risk analysis of integrating sustainable aviation fuels into refineries

JOURNAL=Frontiers in Energy Research

VOLUME=11

YEAR=2023

URL=https://www.frontiersin.org/journals/energy-research/articles/10.3389/fenrg.2023.1223874

DOI=10.3389/fenrg.2023.1223874

ISSN=2296-598X

ABSTRACT=<p>The growth of the aviation industry coupled with its dependence on energy dense, liquid fuels has brought sustainable aviation fuel (SAF) research to the forefront of the biofuels community. Petroleum refineries will need to decide how to satisfy the projected increase in jet fuel demand with either capital investments to debottleneck current operations or by integrating bio-blendstocks. This work seeks to compare jet production strategies on a risk-adjusted, economic performance basis using Monte-Carlo simulation and refinery optimization models. Additionally, incentive structures aiming to de-risk initial SAF production from the refiner’s perspective are explored. Results show that market sensitive incentives can reduce the financial risks associated with producing SAFs and deliver marginal abatement costs ranging between 136-182 $/Ton-CO2e.</p>