Volume 57

Life cycle cost analysis of a biological jet fuel process Zhen Zhao, Renjin Sun, Nan Yu

Abstract

The research focuses on the life cycle cost-benefit analysis of bio-aviation fuel, encompassing policy, market, and technological aspects, to assess its industrial application and environmental impact. Employing a Life cycle Cost Analysis (LCCA) framework, the study systematically evaluates the internal and external costs associated with bio-aviation fuel production. It conducts a thorough literature review and policy analysis to contextualize findings within the broader scope of sustainable development.
The study meticulously examines the economic and environmental implications of bio-aviation fuel production, revealing its potential to substantially decrease the aviation industry’s carbon footprint. The LCCA model, when applied to the bio-aviation fuel lifecycle, identifies key cost drivers and environmental impact points, enabling targeted optimizations. The research findings indicate that despite the current higher production costs compared to traditional jet fuels, the long-term benefits in terms of reduced CO2 emissions and improved energy security are substantial. The study also highlights the importance of policy support in reducing market risks and encouraging technological advancements. It concludes that with continued research and development, as well as strategic policy initiatives, bio-aviation fuel can become a mainstream and sustainable alternative in the aviation fuel mix, contributing to the global efforts to combat climate change and achieve carbon neutrality. The comprehensive analysis provides a robust foundation for stakeholders to make informed decisions and for policymakers to craft effective strategies for the aviation sector’s sustainable development. The study introduces an innovative LCCA model for a comprehensive assessment of bio-aviation fuel’s lifecycle costs. It contributes to the field by providing a robust analytical tool for policymakers and industry stakeholders, emphasizing the strategic importance of bio-aviation fuel in achieving carbon neutrality and environmental sustainability.

Keywords Life Cycle Cost Analysis (LCCA), Bio-aviation Fuel, Sustainable Development