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Article

Profitability Using Second-Generation Bioethanol in Gasoline Produced in Mexico

1
Comisión Nacional de Hidrocarburos, Universidad Panamericana, Avenida Patriotismo 580, Nonoalco, Benito Juárez, Ciudad de México 03700, Mexico
2
ECEE, Universidad Panamericana, Augusto Rodin 498, Insurgentes Mixcoac, Benito Juárez, Ciudad de México 03920, Mexico
3
Financial Economy and Accounting Department, Faculty of Business, Finance and Tourism, University of Extremadura, 10071 Cáceres, Spain
*
Author to whom correspondence should be addressed.
Academic Editor: Luísa Seuanes Serafim
Energies 2021, 14(8), 2294; https://doi.org/10.3390/en14082294
Received: 8 March 2021 / Revised: 14 April 2021 / Accepted: 14 April 2021 / Published: 19 April 2021
(This article belongs to the Collection Feature Papers in Energy, Environment and Well-Being)
Gasoline produced in Mexico by the productive company of the state Petróleos Mexicanos (PEMEX) mainly uses oil-derived ethers as oxygenators to reach the Mexican Regulatory ‘Framework’s octane number. An alternative to complying with these regulations could be to use bioethanol as an oxygenate. However, as a gasoline component, this could affect ‘Mexico’s food markets since sugar cane, and grains are the primary inputs for local production. The main objective of this study is to evaluate whether the use of bioethanol, produced from corn stubble, as an additive in gasoline produced by Petróleos Mexicanos (PEMEX) is profitable in Mexico, from the perspective of the evaluation of the supply chain and the finances. The purpose of this work is to contribute to the definition of the advantages and limitations for the existence of a second-generation bioethanol market produced from Lignocellulosic corn biomass and integrated into the gasoline market of national production in Mexico. The work starts with theoretical research to define the use of corn stubble as raw material, set up on its availability and feasibility determined based on a geographic information system (GIS), through the use of the agricultural production forecast approach, as well as the integration of costs and financial analysis. The results show that corn stubble bioethanol production is technically viable, but the production cost is not competitive yet. Although its price is not yet competitive compared to the imported price, using a fiscal incentive scheme and considering the decrease in energy dependence, it would be feasible to produce it in Mexico. View Full-Text
Keywords: bioethanol; lignocellulosic biomass; oxygenating agents; gasoline bioethanol; lignocellulosic biomass; oxygenating agents; gasoline
MDPI and ACS Style

Bautista-Herrera, A.; Ortiz-Arango, F.; Álvarez-García, J. Profitability Using Second-Generation Bioethanol in Gasoline Produced in Mexico. Energies 2021, 14, 2294. https://doi.org/10.3390/en14082294

AMA Style

Bautista-Herrera A, Ortiz-Arango F, Álvarez-García J. Profitability Using Second-Generation Bioethanol in Gasoline Produced in Mexico. Energies. 2021; 14(8):2294. https://doi.org/10.3390/en14082294

Chicago/Turabian Style

Bautista-Herrera, Adrián, Francisco Ortiz-Arango, and José Álvarez-García. 2021. "Profitability Using Second-Generation Bioethanol in Gasoline Produced in Mexico" Energies 14, no. 8: 2294. https://doi.org/10.3390/en14082294

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