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Bio-Fuels Project Dr. Dawne Martin College of Business
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Project Interdisciplinary groups of 3 -4 will be assigned Each group will investigate and report on one input for bio-fuels Use internet research, industry tours and panel discussion to gather information Be sure to document (or cite) your information sources Three bio-fuel afternoon sessions to develop your poster and presentation Report will be a poster presentation on Wednesday, July 25, 1:30 – 3:30 pm in Engineering Atrium
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Identify Bio-Fuel Input June 25, 2012 Overview of the Industry July 2, 2012 Agriculture & Business Issues July 9, 2012 July 16, 2012 Engineering Issues Conclusions about the future July 19, 2012 July 20, 2012 Complete Posters Poster Presentations July 25, 2012 Bio-Fuels Project Timeline
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Project Outline Overview of the industry as a whole – Current products produced – Size and Growth rate of the industry in dollars and output – Driving factors in the external environment – what is affecting this industry? Economic – economic growth, interest rates, number of cars sold Social, cultural and demographic trends – environmental awareness, population growth and more affluent people in China and India requiring more energy Political & legal – restrictions on emissions, subsidies for bio-fuels or for oil and gas Technological advances and changes – changes in technology for both creating bio-fuels and for powering transportation and other uses Natural resources – oil reserves, issues with crops, feeding the world Define the bio-fuels applications for this input – How is the bio-fuel used? Automobiles? Trucks? Energy generation?
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Types of Bio-Mass Used
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Project Outline (cont.) What are the agricultural, natural resource and sustainability implications of producing bio-fuel from this input? – Crop modifications, requirements and implications for resources and food stocks – Placement of plants relative to growing areas – Issues of water, run-off and land use What are the engineering and environmental issues associated with producing, distributing and using this product? – Engineering challenges of producing and using the bio-fuel – Special engineering requirements for each input type. – Future developments
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Project Outline (cont.) What are the business considerations for producing and marketing this product? – Capital requirements – Market(s) for this product – Issues in developing channels of distribution and transportation of the product – Competitors and competitive advantage – New business opportunities What are your conclusions about the future of using your bio-mass “input” for producing bio-fuels? Will this be a good alternative to oil and gas? Is it economically viable? Will the production heavily affect food availability? Are there unintended consequences, for example, excessive water use or pollution.
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Some Examples of Presentation Posters
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Project Questions? Group Assignments
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Web Resources Sciencedaily.com Department of Energy – http://www.eere.energy.gov/topics/biomass.html Renewable Fuels Association Trade and Industry Associations Alternative-energy-news.info
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