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)

Abstract:
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.