Efficiency of Shaping the Value Chain in the Area of the Use of Raw Materials in Agro-Biorefinery in Sustainable Development

Bartkowiak, Anna; Bartkowiak, Piotr; Kinelski, Grzegorz

doi:10.3390/en15176260

Cited by 6 publications

(4 citation statements)

References 70 publications

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“…On the side of revenues from biogas plants, the price for energy obtained in the FIT contract is known; therefore, it becomes crucial to use the installed capacity well, which depends on the amount of available raw material and its price. The profitability of biogas production in biogas plants decreases quickly if raw materials from outside the enterprise are more difficult to obtain; their price and logistical costs increase [45]. A similar relationship can be observed for other biofuels obtained from agricultural raw materials [46].…”

Section: Factors Determining the Profitability Of Biogas Plantsmentioning

confidence: 57%

Determinants of Return-on-Equity (ROE) of Biogas Plants Operating in Poland

et al. 2022

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Poland has a large potential for biogas production from agricultural sources and food waste. This potential is still poorly used. There are many reasons for this state of affairs. We can indicate both the policy of the state towards renewable energy sources (RES) with a small amount of energy from biogas contracted at auctions, investment risk, and especially low return on investment in the absence of investment support. An important reason is also the limited state budget. The purpose of this work was to determine the endogenous factors that determine ROE, the direction of the impact of these factors, as well as the strategy of biogas plants in shaping the ROE level. The DuPont model was used in the analysis of ROE changes. We used the deviation method to determine the impact of the various factors on ROE. Against the background of the energy sector in Poland, the value of ROE in the examined biogas plants should be considered satisfactory, and in 2020 it was, on average, 13.9%. The decrease from 17.2% in 2019 occurred despite the increase in energy prices and the increase in the net profit margin (NPM). It resulted from the reduction of ROE’s financial leverage through external capital. A high level of debt characterized the examined biogas plants, and the pursuit of risk reduction and debt reduction negatively impacts on ROE. This may indicate the need for state investment support at the plant construction stage or low-interest investment loans to develop biogas plants. In addition, using only price guarantees under the feed-in tariffs, with dynamic changes in costs, may bring the industry a relatively high investment risk compared to other RES, where the operational costs during the lifetime are low, as it is in PV or wind systems.

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Section: Factors Determining the Profitability Of Biogas Plantsmentioning

confidence: 57%

Determinants of Return-on-Equity (ROE) of Biogas Plants Operating in Poland

et al. 2022

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“…In that case, capital costs will be too high, which reduces the profitability of the investment and extends the payback period [76,78]. If it becomes difficult to obtain raw materials from outside the enterprise, the profitability of biogas production in biogas facilities decreases rapidly; prices and logistics costs increase [79].…”

Section: Resultsmentioning

confidence: 99%

Calculation of the Potential Biogas and Electricity Values of Animal Wastes: Turkey and Poland Case

Ertop,

Atilgan,

Kocięcka

et al. 2023

Energies

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This research aimed to analyze the potential amount of electrical energy from biogas energy obtained from animal wastes in Turkey and Poland. Animal waste values were calculated by taking into account the recommended literature values. In determining the biomass energy potential of livestock enterprises in Turkey and Poland, FAO’s 2012–2021 data were taken into account. The animal breeds selected as material in this study were cattle, goat, sheep, chicken, duck, goose, turkey, horse, pig, mule and donkey. Considering 10-year calculations, the potential amount of biogas energy that can be obtained from animal wastes for Turkey is 28,845,975 GJ, which is equivalent to 8,105,058 MWh of electrical energy. In Poland, the potential amount of biogas energy that can be generated from animal waste is 13,999,612 GJ, which is equivalent to 3,902,020 MWh of electricity. Moreover, it is estimated that the percentage of the potential amount of electricity to be obtained in 2021 to cover the amount of electricity consumed is 0.303% for Turkey and 0.392% for Poland. For 2021, the amount of economic gains that can be from electricity obtained was also calculated, and it was determined that this value can be 78,650,302 Euro for Turkey and 62,182,435 Euro for Poland. At the same time, it was calculated that the electricity needs of 406,170 houses in Turkey and 171,958 houses in Poland can be met in 2021. As a result, it is thought that the potential electricity to be obtained will contribute to determining energy gains and investment plans for biogas plants.

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“…The fundamental goal should be to reduce the share of conventional coal-based energy. All initiatives for RES and other new technologies for its production are being inhibited [56]. As the development of generation sources moves away from centralized generation towards distributed sources, which forces the development of networks, the government, under the pressure of network system operators, slows down these changes by blocking prosumer and investment initiatives.…”

Section: Introductionmentioning

confidence: 99%

“…While considering climate factors and the fight for climate protection, the fight against social exclusion should not be forgotten. The main tools are to reduce production and consumption's harmful effects and protect natural resources [56]. However, such regulations mainly apply to developed countries [61].…”

Section: Introductionmentioning

confidence: 99%

Grants and Funding for the Processes of Decarbonization in the Scope of Sustainability Development—The Case from Poland

et al. 2022

Self Cite

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The study aimed to determine how the public perceives the directions of decarbonization to develop a sustainable energy strategy for Poland. The political challenge is to use dedicated funds and grants to move from the energy market to low-carbon technology. For sustainable development, governments must implement an environmentally friendly, cost-effective, and socially acceptable policy. The risk of social acceptance plays a vital role in Poland, especially in Silesia, influencing the decarbonization process. The study’s main objective was to identify socio-economic features that affect the assessment of the decarbonization process in Poland, assuming that respondents used central or local funds to carry out this process. The authors deepened the multidisciplinary aspect of the analysis of decarbonization, mainly pointing to social issues, which was presented in the article. The study was conducted using the “snowball” method on a group of 444 socially diverse people. They were based on non-parametric statistical methods: Chi-square, Mann–Whitney U, and the Kruskal–Wallis test, which showed that the most effective factors in the decarbonization process are subsidies used by local governments. Moreover, it was found that people with higher education give less support to the centralization of funds for decarbonization, though they perceive that local funds provide a greater chance of success for decarbonization processes. This study fills the gap in social sciences.

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Efficiency of Shaping the Value Chain in the Area of the Use of Raw Materials in Agro-Biorefinery in Sustainable Development

Cited by 6 publications

References 70 publications

Determinants of Return-on-Equity (ROE) of Biogas Plants Operating in Poland

Determinants of Return-on-Equity (ROE) of Biogas Plants Operating in Poland

Calculation of the Potential Biogas and Electricity Values of Animal Wastes: Turkey and Poland Case

Grants and Funding for the Processes of Decarbonization in the Scope of Sustainability Development—The Case from Poland

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