The purpose of this study is to determine an average economic impact of projects located in BDO Zones based on six case-study projects that have been announced in BDO Zones and are currently in the capital-raise stage. For each project total economic impact is calculated over ten years (2024 USD) and derive an average impact representative of each project located in a BDO Zone.
This analysis utilizes the economic impact framework for biofuels/biomanufacturing described by English, Menard, and Wilson in “The Economic Impact of a Renewable Biofuels/Energy Industry Supply Chain Using the Renewable Energy Economic Analysis Layers (REEAL) Modeling System” (2022). Using this method, construction (one-time) and operations (annual) impacts are represented with direct, indirect, and induced effects reported separately. Summary tables and figures provide per-project results, a six-project average, and an estimate of the economic impact of 100 BDO Zones based on the observed actualization ratio of projects announced in rated BDO Zones.
