|
Minimum acceptable rate of return (per year)
|
12%
|
Watanabe et al. [25]
|
|
Project life span (years)
|
25
|
Watanabe et al. [25]
|
|
Depreciation rate (linear, 10 years)
|
10%
|
Watanabe et al. [25]
|
|
Income taxes
|
34%
|
Milanez et al. [17]
|
|
Maintenance (%Capex)
|
3%
|
Milanez et al. [17]
|
|
Month/year of reference for economic parameters
|
July/2014a
|
–
|
|
Exchange rate (R$/US$)
|
2.30
|
Average of July, 2014
|
|
Enzyme cost—short term (US$/L 2G ethanol)
|
0.13
|
Estimate from suppliers
|
|
Enzyme cost—medium term (US$/L 2G ethanol)
|
0.08
|
Estimate from suppliers
|
|
Enzyme cost—long term (US$/L 2G ethanol)
|
0.06
|
Estimate from suppliers
|
|
Anhydrous ethanol price (R$/L)
|
1.34
|
Moving average (2004–2014) [26]
|
|
Electricity price (R$/MWh)
|
132.43
|
Average from auctions (2005–2013) [27]
|
