The V-factor: A new metric for gauging the efficiency & profitability of manufacturing processes for the bioeconomy

Saurabh C. Patankar, Sonal R. Ayakar, Scott Renneckar, Vikramaditya Ganapati Yadav

Abstract


Several metrics have been formulated to evaluate the environmental impact of chemical manufacturing processes. However, there are no formulas for quick, back-of-the envelope estimation of their efficiency of resource utilisation and profitability, which are hugely influential when it comes to determining investments. Herein, we posit a new metric called the V-factor to estimate these parameters for manufacturing processes that utilize biomass. Additionally, we also argue that co-assessment of E- and V-factors will greatly facilitate the development of environmentally and economically sustainable processes for valorization of biomass.

Keywords


Bioeconomy; valorization; profitability; sustainability; process metrics

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References


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