Publication | Peer reviewed papers |
An econometric analysis of the sawmill by-product market to explore bioeconomy options in Austria
Published 2024
Citation: Fuhrmann M, Dißauer C, Strasser C, Schmid E. An econometric analysis of the sawmill by-product market to explore bioeconomy options in Austria. Biomass and Bioenergy. 2024.180:107007
Abstract
Bioeconomy strategies promote higher shares of biomass products in material and energy sectors. Deploying by-products from sawmills is therefore of major interest. This study aims at analyzing market characteristics and implications of bioeconomy strategies by combining three methods: First, an econometric supply and demand model for sawmill by-products (SBP) was estimated based on data from 2001 to 2020. Second, the model was used to analyze a reference and a bioeconomy scenario. Third, a use case was analyzed dealing with the integration of wood gasification and BioSNG (Synthetic Natural Gas) production into Austrian flows of SBP. The results indicate that SBP supply reacts unit-elastic to sawnwood exports, while both supply and demand respond inelastic to SBP prices. Demand is positively inelastic related to SBP as input in panel and pellet production. In a bioeconomy scenario, long-term supply would exceed demand, resulting in additional SBP to be used for gasification. A 100 MW BioSNG plant converting these SBP could provide 528 MWh BioSNG per year. This is a 11 % share of the Austrian target value of 5 TWh green gas.