Techno-economic analysis for portable biodiesel plant from waste cooking oil in Indonesia has been performed in this study. Analysis was performed by calculating the capital expenditures (CAPEX), operational expenditures (OPEX), and evaluation of economically aspects. Sensitivity of raw material cost, product price, and number of batch fluctuation have also been analyzed in this study. Overall process in this portable biodiesel plant has been simulated in the prior study and able to produce 128 L of biodiesel per batch production with 18 batch production per day. Based on calculation, the total of CAPEX and OPEX for this plant is IDR 5.354 billion and IDR 6.505 billion, respectively. Regarding to the economic evaluation, this plant will provide internal rate of return by 17.8%, net present value of IDR 7.196 billion, and payback period on the third year, with 20 years of plant lifetime with product price of USD 0.847/L. Hence, this plant is considered to be built and commercialized in order to enhance biodiesel production in Indonesia.
|Number of pages||5|
|Publication status||Published - 1 Jan 2018|
|Event||5th International Conference on Energy and Environment Research, ICEER 2018 - Prague, Czech Republic|
Duration: 23 Jul 2018 → 27 Jul 2018
- Economic analysis
- Waste cooking oil