A review on techno-economic analysis of lignocellulosic biorefinery producing biofuels and high-value products

Circular Bioeconomy (CBE) has gained momentum in recent years as an alternative to conventional energy sources. Cascaded use of wastes and residues has been seen as an attractive option with low environmental impact. Specifically, lignocellulosic biomass (LCB) promises to be a sustainable and abundant source of biomass. Numerous studies have been carried out with different LCBs to produce a host of biofuels and high-value products. Widespread research in the area has resulted in the development of novel conversion technologies of LCB into useful products. Despite the encouraging outcomes observed in laboratory-scale investigations, it is essential to conduct techno-economic analysis (TEA) on these processes to…