Assessment of the Use of Forest Biomass Residues for Bioenergy in Alto Alentejo, Portugal: Logistics, Economic and Financial Perspectives

Guilhermino, Adriano; Lourinho, Gonçalo; Brito, Paulo; Almeida, Nicolau Miguel

doi:10.1007/s12649-017-9830-3

Cited by 19 publications

(10 citation statements)

References 30 publications

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“…Similarly, the problem of the short-term orientation of financial tools not matching the long-term investment needs of companies seems to align with the outcomes of Falcone et al [9], who found evidence of a short-term orientation of the GF sector due mainly to adverse selection in financial markets. Moreover, the different expectations between financial suppliers and companies about possible investment results is consistent with the findings of Guilhermino et al [56], who revealed that the use of forest biomass residues for bioenergy purposes may be financially unattractive due to low expected profitability, which negatively affected financers' decisions. Finally, the finding of the relevance of knowledge about financing options and the technical aspects of production supports the findings achieved by Mazzucato and Semieniuk [57] in their study of the way in which financial actors differ in their decisions about funding the green sector.…”

Section: Results From the Questionnairesupporting

confidence: 86%

Assessing the Opportunities and Challenges of Green Finance in Italy: An Analysis of the Biomass Production Sector

2019

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The present paper provides empirical evidence of the opportunities and challenges surrounding green finance (GF), looking at the financial issues that might prevent the investment decisions of green companies. To this end, we explore the case of Italian biomass producers by means of a discourse analysis supported by a survey administered to a pool of experts. Although our findings suggest that GF provides an opportunity for achieving environmentally sustainable innovation pathways, experts recognize that it does not actually prevent biomass producers from facing institutional and financial criticalities in funding their investment projects. Such criticalities include: uncertainty about government policies, the minimal involvement of financial suppliers in the biomass sector, the short-term orientation of financial instruments and the limited knowledge of financing options and technical expertise within companies. The results indicate that effective policy interventions should ensure that objectives are orientated towards the long term with the aim of reducing the risks perceived by financial institutions in funding biomass producers.

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Section: Results From the Questionnairesupporting

confidence: 86%

Assessing the Opportunities and Challenges of Green Finance in Italy: An Analysis of the Biomass Production Sector

2019

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“…all indicated that, in Turkey, forest residues were abandoned to rot in the forests because of failure to meet their transportation costs. In the study of Guilhermino et al . evaluating the logistical, economic and financial characteristics of biomass‐based forest residues in Portugal, it was reported that transportation was the costliest item in the biomass supply chain.…”

Section: Discussionmentioning

confidence: 99%

“…Karayilmazlar et al, 15 Saracoglu,19,55 and Saim et al 56 all indicated that, in Turkey, forest residues were abandoned to rot in the forests because of failure to meet their transportation costs. In the study of Guilhermino et al 57 evaluating the logistical, economic and financial characteristics of biomass-based forest residues in Portugal, it was reported that transportation was the costliest item in the biomass supply chain. It was stated, in this context, that low-cost harvesting and transportation techniques should be applied for the effective utilization of forest residues.…”

Section: Discussionmentioning

confidence: 99%

Determining the priorities in utilization of forest residues as biomass: an A'wot analysis

Kurt

2019

Biofuels Bioprod Bioref

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The gap between global energy production and consumption is increasing at a fast pace along with population growth, industrialization, and technological developments, resulting in a rapid increase in the need for energy. This has led countries to use their own resources more effectively. Consequently, in addition to existing energy sources, alternative solutions are now being sought for this problem via renewable resources such as biomass energy production. As forest resources are abundantly available in Turkey, forest residues constitute a significant biomass potential. This study aimed to identify key strategic factors in the evaluation of forest residues as biomass using A'WOT analysis. Measurement of the factors in SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis, and their ranking, was enabled by quantification via A'WOT analysis, which is a combination of SWOT analysis and the analytic hierarchy process (AHP). A survey was conducted among relevant experts in Turkey to determine SWOT factors and AHP weights. As a result, eight sub‐factors for strengths and threats, seven sub‐factors for opportunities, and four sub‐factors for weaknesses were determined for analysis. Each SWOT parameter was then quantified by considering the viewpoints of the surveyed experts, and the resulting matrix was used to determine the vector weights and priorities of the groups and factors. The results indicated that if forest residues could be utilized as an alternative energy source, this would more than fill the gap between the production and consumption of energy in the country. In the evaluation of forest residues in Turkey, transportation costs emerged as the weakest factor, while the removal of natural sources of nutrition and fertilizer from the forest cover was seen as the greatest threat. The most important opportunity was perceived to be the improvement of forest management along with energy and climate‐change policies and activities. © 2019 Society of Chemical Industry and John Wiley & Sons, Ltd.

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“…Indeed, briquettes made from wood biomass could have a significant impact in low-income communities because of the availability of raw material and their low cost [3]. Studies of the production of solid biofuels in Portugal show the economic viability of converting wood biomass waste to generate energy, not only for the domestic, tourism, and industrial sectors but, in a broader vision, for producing electrical energy to be distributed through entire regions [19]. Poland is producing briquettes from wood biomass using a process called "briquetting".…”

Section: Introductionmentioning

confidence: 99%

Exploitation of Wood Waste of Pinus spp for Briquette Production: A Case Study in the Community of San Francisco Pichátaro, Michoacán, Mexico

et al. 2020

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This study describes the exploitation of wood waste (Pinus spp.) in the form of sawdust and shavings generated during the production of furniture and artisanal items in a community in the state of Michoacán, western Mexico. A process is described to densifying this raw material, to produce solid-type biofuel briquettes that can be used to satisfy the need to generate low-power heat for residential sectors. Briquette production involved six stages: (a) gathering samples of sawdust and shavings from artisanal workshops in the community; (b) proximal characterization of the samples; (c) elaborating the briquettes; (d) physicochemical characterization of the briquettes; (e) evaluation of the physical-thermal combustion of the briquettes; and (f) an economic evaluation of briquette production to determine viability. Finally, we performed a comparative analysis of the energy, economic, and environmental indicators of the briquettes produced and conventional pine and oak firewood (Pinus spp., Quercus spp.) in the study community. The results show the viability of using biomass residues to make briquettes, which are efficient, economic and easy to make and use.

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Assessment of the Use of Forest Biomass Residues for Bioenergy in Alto Alentejo, Portugal: Logistics, Economic and Financial Perspectives

Cited by 19 publications

References 30 publications

Assessing the Opportunities and Challenges of Green Finance in Italy: An Analysis of the Biomass Production Sector

Assessing the Opportunities and Challenges of Green Finance in Italy: An Analysis of the Biomass Production Sector

Determining the priorities in utilization of forest residues as biomass: an A'wot analysis

Exploitation of Wood Waste of Pinus spp for Briquette Production: A Case Study in the Community of San Francisco Pichátaro, Michoacán, Mexico

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