Input–Output Modeling of Wood-Based Bioenergy Industries in Mississippi

The southern region of the United States, which includes Mississippi, has abundant forest resources that provide an opportunity to establish a wood-based bioenergy industry in the region. This study estimated the direct, indirect, and induced economic impacts associated with establishment of wood-ba...

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Bibliographic Details
Published in:Forest products journal 2012-08, Vol.62 (7-8), p.528-537
Main Authors: Joshi, Omkar, Grebner, Donald L, Henderson, James E, Grado, Stephen C, Munn, Ian A
Format: Article
Language:English
Subjects:
Alternative energy sources
Analysis
Biodiesel fuels
Biofuels
Biomass
Biomass energy
Economic impact
Economic indicators
Employment
Forest products industry
Impact analysis
Input output analysis
Production capacity
Studies
Wood
Wood products
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Summary:The southern region of the United States, which includes Mississippi, has abundant forest resources that provide an opportunity to establish a wood-based bioenergy industry in the region. This study estimated the direct, indirect, and induced economic impacts associated with establishment of wood-based bioenergy facilities in Mississippi. Three potential wood-based bioenergy facilities, wood pellets, bio-oil, and methanol-based gasoline, were considered. The requisite cost information pertaining to the construction and operation of selected wood-based bioenergy facilities were obtained from various secondary sources. Construction activities would impact the economy for a shorter period of time. Results showed operation of a wood pellet facility, having an annual production capacity of 75,000 dry tonnes, would contribute 8,282 full- and part-time jobs and US$12 million worth of economic output to the state economy. Likewise, operation of a bio-oil facility, having an annual production capacity of 66,224.5 dry tonnes, would provide 112 new full- and part-time jobs and an economic output of US$13 million. Similarly, an economic output of US$96 million and 795 more full- and part-time jobs would be added to the Mississippi economy by establishing a methanol-based gasoline facility. Clearly, these impacts are likely to draw the attention of policy makers and investors toward developing wood-based bioenergy opportunities in Mississippi.
ISSN:0015-7473
2376-9637
DOI:10.13073/FPJ-D-12-00116.1