S-WoPEc
 
Scandinavian Working Papers in Economics
HomeAboutSeriesSubject/JEL codesAdvanced Search
CIRCLE, Center for Innovation, Research and Competences in the Learning Economy, Lund University Papers in Innovation Studies, CIRCLE, Center for Innovation, Research and Competences in the Learning Economy, Lund University

No 2015/34:
Unpacking investment decisions in biorefineries

Teis Hansen () and Lars Coenen ()

Abstract: The development and diffusion of biorefineries is a central factor in the transition towards a bioeconomy. Such biorefineries, which produce multiple products based on biological material, are heralded as an important opportunity for renewal of the pulp and paper industry in developed countries, facing increasing competition and environmental requirements. However, pulp and paper firms have only made few investments in biorefineries.

Examining investment decision in Swedish and Finnish pulp and paper firms, this paper highlights the importance of considering decision-making processes within companies in order to understand the limited diffusion of biorefinery technologies. Further, the paper identifies organisational innovations in the form of new divisions, forward vertical integration, and creation of new value chain relations as central to commercialisation of biorefinery technologies. Theoretically, it argues that the technological innovation systems framework should be complemented with insights on decision-making processes within companies in order to understand the development of emerging technologies.

Keywords: Biorefineries; investment decisions; organisational innovation; pulp and paper industry; (follow links to similar papers)

JEL-Codes: L73; O31; O33; Q55; (follow links to similar papers)

16 pages, September 11, 2015

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

201534_Hansen_Coenen.pdf    PDF-file
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Torben Schubert ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design by Joachim Ekebom

Handle: RePEc:hhs:lucirc:2015_034 This page was generated on 2016-04-14 20:47:45