In colloboration with INE  and as part of the SMART-H2 project, Elizabeth Unger M.S.c in Environmental Science, investigated the potential environmental impact of producing liquid biofuels in Iceland using Icelandic raw mateirals, including rapeseed, winter wheat, newspaper, organic fraction of municipal solid waste, and timber.  In the case of rapeseed, potential quantity estimates were calculated to find that based on current consumption of petroluem products for transportation in 2008, the production of rapeseed could displace approximately 68% of this amount, assuming that already cultivated land is converted specifically for this crop.  Economically, due to the method being mature technology, production of rapeseed could be viably profitable today for Iceland.  From an environmental perspective and based on CO2 emissions in 1990, production of rapeseed would exceed emissions from usage by 91% assuming 86 CO2 eq. g/MJ from production and 516 Gg of CO2 from the transportation. Abstract. For a complete report contact Elizabeth.