Financial Feasibility and Risk Analysis in Jatropha Crop for the Production of Biodiesel in the State of Tocantins, Brazil

  • Ana Cláudia Barroso Universidade Federal do Tocantins - UFT
  • Autenir Carvalho de Rezende Universidade Federal de Tocantis - UFT
  • Waldecy Rodrigues Universidade Federal de Tocantins - UFT
  • Adriano Nascimento da Paixão Universidade Federal de Tocantins - UFT
Keywords: Biodiesel, Jatropha, Financial Viability, Risk Analysis

Abstract

Increasing growth in energy consumption and natural limitation of production and use of fossil fuel require diversification in energy matrix giving priority to renewable and clean sources. Although biodiesel is an alternative source of energy, the ideal prime matter should be chosen for its production in each region within Brazil. Studies on economical and financial viability are thus highly relevant within the decision-making process and the proper allocation of resources. A pioneer analysis on the financial viability of the jatropha crop is undertaken for the production of biodiesel in the state of Tocantins, Brazil, by employing Costs-Benefits Analysis, Risk Analysis, VPL and TIR indicators. Although financial feasibility exists, the promising traits of the oleaginous plant have still to be proved when Risk Analysis is investiged, due to variations in production costs, or rather, variation in coverage manure price.

Author Biographies

Ana Cláudia Barroso, Universidade Federal do Tocantins - UFT
Economista e Mestre em Desenvolvimento Regional e Agronegócio da Universidade Federal do Tocantins - UFT; E-mail: anacbt@hotmail.com
Autenir Carvalho de Rezende, Universidade Federal de Tocantis - UFT
Economista e Mestre em Desenvolvimento Regional e Agronegócio da Universidade Federal do Tocantins - UFT; E-mail: autenir@uft.edu.br
Waldecy Rodrigues, Universidade Federal de Tocantins - UFT
Economista; Pós-Doutor em Economia do Meio Ambiente pela Universidade de Brasília - UFB; Docente Adjunto e Coordenador do Programa de Mestrado em Desenvolvimento Regional da Universidade Federal do Tocantins - UFT; E-mail: waldecy@terra.com.br
Adriano Nascimento da Paixão, Universidade Federal de Tocantins - UFT
Economista; Doutor em Economia Aplicada pela UFV e Docente da Fundação Universidade Federal do Tocantins - UFT; E-mail: anpaixao@mail.uft.edu.br
Published
2013-06-13
Section
Agrobusiness