Economic viability of phytoremediation of a cadmium contaminated agricultural area using energy maize: part II: economics of anaerobic digestion of metal contaminated maize in Belgium

This paper deals with remediation of the Campine soil, an agricultural area diffusely contaminated with metals where most farmers raise dairy cattle and grow fodder maize. In a previous study, we calculated the effect of switching from fodder to energy maize on the farmer's income. Selling this energy maize as feedstock for anaerobic digestion to produce renewable energy could lead to a significant increase in his income. This paper explores the economic opportunities for the farmer of digesting the harvested contaminated biomass himself, by performing a Net Present Value (NPV) analysis on the digestion activity and by calculating the probability of a positive NPV of income resulting from the digestion installation. We investigate the trade off between the maximum price for energy maize that can be paid by the digestion activity and the minimum price that the farming activity needs to compensate for covering its production costs. Integrating the previous study in the current analysis results in an increase of total extra income for the farmer (i.e., from both growing energy maize and performing digestion)

Activated Carbon by Co-pyrolysis and Steam Activation from Particle Board and Melamine Formaldehyde Resin: Production, Adsorption Properties and Techno Economic Evaluation

One of the top strategic objectives and research areas in Europe is recovering wood from processing and end of life products. However, there are still several "contaminated" wood products that are not or only partly reused/recycled. Particle board waste which is contaminated with aminoplasts is one of these products. In addition, a considerable amount of aminoplast waste resinis produced for the production of particle board that cannot be re-used or recycled. The chemical properties of these wastes (high nitrogen content of 5.9 wt% and 54.1 wt% for particle board and melamine formaldehyde respectively) make them ideal precursors for the production of nitrogenised activated carbon. The profitability of the produced activated carbon is investigated by calculating the net present value, the minimum selling price and performing a Monte Carlo sensitivity analysis. Encouraging results for a profitable production are obtained even though the current assumptions start from a rather pessimistic scenario

The use of plants for remediation of metal-contaminated soils,

The use of green plants to remove, contain, inactivate, or degrade harmful environmental contaminants (generally termed phytoremediation) is an emerging technology. In this paper, an overview is given of existing information concerning the use of plants for the remediation of metal-contaminated soils. Both site decontamination (phytoextraction) and stabilization techniques (phytostabilization) are described. In addition to the plant itself, the use of soil amendments for mobilization (in case of phytoextraction) and immobilization (in case of phytostabilization) is discussed. Also, the economical impacts of changed land-use, eventual valorization of biomass, and cost-benefit aspects of phytoremediation are treated. In spite of the growing public and commercial interest and success, more fundamental research is needed still to better exploit the metabolic diversity of the plants themselves, but also to better understand the complex interactions between metals, soil, plant roots, and micro-organisms (bacteria and mycorrhiza) in the rhizosphere. Further, more demonstration experiments are needed to measure the underlying economics, for public acceptance and last but not least, to convince policy makers

Combining Monte Carlo simulations and experimental design for incorporating risk and uncertainty in investment decisions for cleantech: a fast pyrolysis case study

The value of phytoextracting crops (plants cultivated for soil remediation) depends on the pro tability of the sequential investment in a conversion technology aimed at the economic valorization of the plants. However, the net present value (NPV) of an investment in such an innovative technology is risky due to technical and economic uncertainties. Therefore, decision makers want to dispose of information about the probability of a positive NPV, the largest possible loss, and the crucial economic and technical parameters in uencing the NPV. This paper maps the total uncertainty in the NPV of an investment in fast pyrolysis for the production of combined heat and power from willow cultivated for phytoextraction in the Belgian Campine. The probability of a positive NPV has been calculated by performing Monte Carlo simulations. Informa- tion about possible losses has been provided by means of experimental design. Both methods are then combined in order to identify the key economic and technical parameters in uencing the project’s pro tability. It appears that the case study has a chance of 87% of generating a positive NPV with an expected value of 3 million euro (MEUR), while worst-case scenarios predict possible losses of 7 MEUR. The amount of arable land, the biomass yield, the purchase price of the crop, the policy support, and the product yield of fast pyrolysis are identi ed as the most in uential parameters. It is concluded that both methods, i.e., Monte Carlo simulations and experimental design, provide decision makers with complementary information with regard to economic risk