Economic Viability of Phytoremediation of a Cadmium Contaminated Agricultural Area Using Energy Maize. Part II: Economics of Anaerobic Digestion of Metal Contaminated Maize in Belgium
2010
Thewys, T. | Witters, N. | Meers, E. | Vangronsveld, J.
This paper deals with remediation of the Campine soil, an agricultural area diffusely contaminated with metals where most farmers raise dairy cattle and grow fodder maize. In a previous study, we calculated the effect of switching from fodder to energy maize on the farmer's income. Selling this energy maize as feedstock for anaerobic digestion to produce renewable energy could lead to a significant increase in his income. This paper explores the economic opportunities for the farmer of digesting the harvested contaminated biomass himself, by performing a Net Present Value (NPV) analysis on the digestion activity and by calculating the probability of a positive NPV of income resulting from the digestion installation. We investigate the trade off between the maximum price for energy maize that can be paid by the digestion activity and the minimum price that the farming activity needs to compensate for covering its production costs. Integrating the previous study in the current analysis results in an increase of total extra income for the farmer (i.e., from both growing energy maize and performing digestion).
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