Main scenarios Sample Clauses

Main scenarios. As explained in section 3.2, four of the analysed scenarios had been designated as main scenarios. In this section, the economic results of these main scenarios, in the standard configuration, are directly compared with each other. Figure 22 shows that in the standard situation, none of the scenarios are able to generate profits, although the first scenario Xyl/IA that produces xylitol, itaconic acd and lignin, clearly performs best. The second scenario, Xyl/Eth, that produces ethanol from the C6 fraction instead, is characterized mainly by higher utility costs and lower revenues. The third scenario, Eth/IA, differs from Xyl/IA only in the utilization of the C5 fraction for ethanol instead of xylitol. Mainly due to much lower yields, and revenues, from ethanol from the C5 fraction, this scenario leads to much higher losses. Finally, the scenario that produces ethanol jointly from C5 and C6 sugars through separate hydrolysis and fermentation (SHF), leads to the highest ethanol yields, which, however, cannot compensate for the revenues foregone for xylitol and itaconic acid. Figure 22: Overall comparison of main scenarios Source: nova 2013 Excursus 1: Comparison of SHF Eth scenario results with the CIMV economic analysis In order to highlight how changing some of the parameters introduced above would change the results, we perform a few sensitivity analyses. Due to the large number of parameters, it is only possible to look at a few of them which may be expected to have significant impacts. We therefore focus on four parameters, namely the natural gas and electricity price, the hourly wage rate and the estimate for the fixed capital investment (FCI). The latter two parameters are expected to have significant impacts because several other cost items had been assumed to be linked to these (see section 3.1.2). However, the results in Figure 23 show that the wage rate has relatively little impact, which is in line with the minor contribution of labour costs to total costs of manufacture. Also the estimate for for FCI has less impact compared to the electricity and natural gas prices. Figure 23: Sensitivity analyses on selected input parameters for the main scenarios Source: nova 2013
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