The Case for Biojet Fuel from Bioethanol in Brazil: An Optimization-Based Analysis Using Historical Market Data.

Biojet fuel is an attractive option to reduce global greenhouse gas (GHG) emissions from the aviation industry. In this paper, we propose a two-stage stochastic linear program to analyze the optimal operation of an integrated sugarcane mill that produces sustainable aviation fuel (SAF) using historical time-series commodities price data from Brazil. We find currently available alcohol-to-jet (ATJ) technologies require premiums between 0.