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A Biofuel Supply Chain Equilibrium Analysis With Subsidy Consideration, Amirsaman Hamzeh Bajgiran
A Biofuel Supply Chain Equilibrium Analysis With Subsidy Consideration, Amirsaman Hamzeh Bajgiran
Theses and Dissertations
Growing environmental concerns in the last few decades along with the energy security issues have led governments to take actions to reduce their dependence on fossil fuels and enhance renewable energy usage, including biofuels. Enforcement of federal or state mandates and regulations that obligate a certain amount of biofuel production are one of the main levers that governments use to achieve their goals. In the U.S. as an example, Renewable Fuel Standard (RFS) requires the production of 36 billion gallons of ethanol by 2022, 21 billion gallons of which should be advanced biofuels derived from biostocks other than corn starch. …