Don Bellman is an executive professor in the finance department at the Bauer College of Business, teaching energy economics-related courses, as well as a consultant with AOTA Energy Consultants. Prior to joining Bauer, he worked for 35 years for ExxonMobil Chemical, primarily as a business development manager, venture executive and strategic planning manager. He has held a variety of operating, marketing and planning roles, particularly relating to integration with refining and gas production. He holds a BS degree in mechanical engineering from Duke University and
an MBA from Stanford University.
In Part 1 of this article, economic incentives were estimated for relaxing the requirement that biocrude entering the refinery infrastructure be oxygen (O2)-free. It was concluded that an accurate estimate of these incentives is not possible without a significant amount of additional data. Part 2 examines key issues that must be addressed and the associated data needed for this constraint to be relaxed.
In Part 1 of this article, the incentives and information needed to relax the constraints of being O2-free are outlined. The authors hope that this perspective provides new directions for improving the economics of using pyoil to produce advanced biofuels (ABFs).