2.4.2.4. Minimum selling price of fuel or feed. The minimum selling price of
biocrude (Pmin,BC) or feed (Pmin,feed) represents the price at which one
product has to be sold for the facility to break-even after a certain
period, assuming the other products are sold at certain prices. Excel
Solver was used to nonlinearly optimize Pmin for biocrude or animal
feed with the price of the other co-products being fixed, assuming a
30-year facility life. To determine Pmin,BC, the price of feed was fixed at
$600/MT in Texas and $930 Hawaii [50]. Conversely, to determine
Pmin,feed the price of biocrude was set to $0.58/L in Texas and $0.91/L in
Hawaii [51]. For Case 5, ethanol was fixed at $0.59/L in Texas and
$0.93/L of ethanol in Hawaii [52]