Valuation of US Infrastructure Assets Related to Liquid Hydrocarbons and Transportation: With implications on the decarbonization of mobility and the grid as of Sept 2019

Simmons, Richard A.; Metz, Keri

Title:

Valuation of US Infrastructure Assets Related to Liquid Hydrocarbons and Transportation: With implications on the decarbonization of mobility and the grid as of Sept 2019

dc.contributor.author	Simmons, Richard A.
dc.contributor.author	Metz, Keri
dc.contributor.corporatename	Georgia Institute of Technology. Strategic Energy Institute	en_US
dc.contributor.corporatename	Georgia Institute of Technology. Energy Policy and Innovation Center
dc.date.accessioned	2021-09-30T17:34:37Z
dc.date.available	2021-09-30T17:34:37Z
dc.date.issued	2021-09
dc.description	Original research conducted by GT's EPICenter	en_US
dc.description.abstract	In this brief report, we summarize existing asset values and investments for U.S. infrastructure related to liquid hydrocarbon transportation systems. This includes primarily assets in the hydrocarbon fuel supply chain as well as the engines and equipment that consume hydrocarbon fuels. The motivation prompting this effort is generally stated as a desire to better understand near-, medium-, and long-term pathways to decarbonize transportation. As such, this particular effort was a part of a broader scoping effort in which researchers with Georgia Tech’s Strategic Energy Institute sought to compare the economic viability of renewable hydrocarbons as a substitute for petroleum-derived fuels. This includes both biofuels and synthetically produced alternative fuels. Doing so is believed to help facilitate a more direct and holistic comparison of renewable fuels with other forms of sustainable transportation, such as electric vehicles (EVs). In short, the US hydrocarbon (HC) sector, broadly defined, comprises a large investment, upwards of 8.4 trillion dollars, out of a total U.S. infrastructure investment of about $37 trillion . Our HC infrastructure estimate excludes the parts of the transportation system that could be used with other vehicle propulsion systems, such as roads, but includes the petroleum refining industry, as well as publicly and privately owned vehicles in the U.S. fleet that rely on internal combustion engines. So called “upstream” or “supply side assets” are defined to liquid hydrocarbon support infrastructure (e.g., refineries, pipelines, storage assets). These account for about 40% of the total. So called “downstream” or fuel consuming devices are defined to include engines and the broad category of equipment that uses them. This segment account for the remaining 60% of HC sector assets. Separately, initial estimates suggest that the replacement value of the U.S. electric grid is about 4.8 trillion dollars.	en_US
dc.identifier.uri	http://hdl.handle.net/1853/65373
dc.identifier.uri	https://doi.org/10.35090/gatech/65373
dc.publisher	Georgia Institute of Technology	en_US
dc.subject	Energy infrastructure	en_US
dc.subject	Hydrocarbons	en_US
dc.subject	Electric vehicles	en_US
dc.subject	Energy asset	en_US
dc.subject	Energy asset valuation	en_US
dc.subject	Transportation infrastructure	en_US
dc.title	Valuation of US Infrastructure Assets Related to Liquid Hydrocarbons and Transportation: With implications on the decarbonization of mobility and the grid as of Sept 2019	en_US
dc.type	Text
dc.type.genre	Project Report
dspace.entity.type	Publication
local.contributor.corporatename	Strategic Energy Institute
local.contributor.corporatename	Energy Policy and Innovation Center (EPICenter)
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