Potential for Pennycress to Support a Renewable Jet Fuel Industry
Markel, E.L., B. C. English, C. M. Hellwinckel, and R. J. Menard.  2018.  Journal of Agricultural and Applied Economics.  (in press)

Pennycress, an oilseed plant with high oil content, is being considered as a second-generation biofuel feedstock. The plants lifecycle fits with traditional U.S. crop rotations. This study examines the economic feasibility of pennycress production, its potential to supply a renewable aviation industry and its potential impacts on the U.S. economy. Incorporating pennycress in U.S. crop rotations at a price of $0.20 per lb stimulates 22.1 million acres of pennycress to be planted, and increases harvested acreage of corn and soybeans by 3.2 percent and 5.0 percent, respectively. To produce 800+ million gallons of jet fuel, 22 HEFA facilities fed by 43 oil extraction facilities are required resulting in the addition of $19 billion to the nationís economy and nearly 66,000 jobs.