Feasibility study for an alcohol-fuels plant for Buffalo, New York
A Feasibility Study has been conducted of a 15,000,000 gal per y anhydrous ethanol plant to be located in the Buffalo area. The Feasibility Study has investigated all major aspects of the construction and operation of the plant. The following has been concluded: (1) the volatile energy situation presents too much of a risk for bankers and investors unless the Department of Energy guarantees that they will purchase any alcohol not sold on the open market at a guaranteed price formula; (2) the complete plant design has been prepared and it appears that there is very little technological risk in the process; (3) a suitable plant site is available with all necessary utilities and the plant equipment has been laid out for this site; (4) the plant easily complies with environmental, health, safety and socioeconomic requirements; (5) raw materials consisting of corn and coal are readily available in adequate quantity and at reasonable prices in the Buffalo area; (6) the distillers dried grains and the carbon dioxide can both be sold in their entirety at reasonable prices; (7) capital cost and operating cost are such that the alcohol plant makes an attractive investment with reasonable payout and profit potential; (8) the Financial community has made it exceedingly clear that no loan is available nor is equity capital available unless an 81% of total plant investment loan guarantee is provided by the Department of Energy and further that a product purchase and price guarantee agreement must be supplied by the Department of Energy for any alcohol produced not sold through the local market; and (9) it is recommended that the Department of Energy extend the required loan guarantee and product purchase and price guarantees so that the plant can be put into operation in early 1982.
- Research Organization:
- ANDCO Environmental Processes, Inc., Buffalo, NY (USA)
- DOE Contract Number:
- FG07-80RA50357
- OSTI ID:
- 6269013
- Report Number(s):
- DOE/RA/50357-T1; ON: DE82000032
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING
POLICY AND ECONOMY
ETHANOL
MARKET
PRODUCTION
ETHANOL PLANTS
FEASIBILITY STUDIES
FINANCIAL INCENTIVES
FINANCING
AVAILABILITY
BIOMASS CONVERSION PLANTS
CAPITAL
CARBON DIOXIDE
COAL
DESIGN
DISTILLERS DRIED GRAINS
ECONOMIC ANALYSIS
LEGAL ASPECTS
LOAN GUARANTEES
MAIZE
NEW YORK
PRICES
RAW MATERIALS
SUBSIDIES
ALCOHOLS
CARBON COMPOUNDS
CARBON OXIDES
CARBONACEOUS MATERIALS
CEREALS
CHALCOGENIDES
ECONOMICS
ENERGY SOURCES
FINANCIAL ASSISTANCE
FOSSIL FUELS
FUELS
GRAMINEAE
GRASS
HYDROXY COMPOUNDS
INDUSTRIAL PLANTS
MATERIALS
MID-ATLANTIC REGION
NORTH AMERICA
ORGANIC COMPOUNDS
OXIDES
OXYGEN COMPOUNDS
PLANTS
USA
090222* - Alcohol Fuels- Preparation from Wastes or Biomass- (1976-1989)
140504 - Solar Energy Conversion- Biomass Production & Conversion- (-1989)
299003 - Energy Planning & Policy- Unconventional Sources & Power Generation- Other- (-1989)