Feasibility Study of a 3,000,000-Gallon-Per-Year Ethanol-Production Plant in Northeast Georgia: Final Report

摘要

The project was intended to convert purchased corn into ethanol and distillers dried grains using purchased electricity and waste wood for fuel for process energy. Factors including feedstock availability, alcohol markets, by-product markets, financing costs, specific plant technologies, sources of low cost process fuel and electricity, and methods for meeting environmental requirements, have been studied. Analysis procedures used centered around a computerized pro forma algorithm that computes economic performance of fuel alcohol projects under different operating conditions. Sensitivity analyses were conducted for differing feedstock costs, byproduct values, alcohol values, and interest rates. Graphs of plant economic performance are included for these various conditions. It was decided that a three million gallon per year plant size was optimum. Plant sites were considered in the general area of Athens, Georgia. Another group in the Athens area (Tallassee Power Corp.) had begun to study the feasibility of a small scale hydroelectric facility located on the Middle Oconee River about five miles northwest of Athens. CAFPRO, Inc. and Tallassee Power Corporation have agreed to merge the two projects into one corporate entity. (ERA citation 07:003569)