The effect of economic variables on a bio‐refinery for biodiesel production using calcium oxide catalyst
This study investigates the effect of market variables on biodiesel production and considers a calcium oxide catalyzed transesterification process. A conceptual process simulation of a plant using Super Pro software was used to vary the economic scenarios and to evaluate the effects of selected vari...
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| Veröffentlicht in: | Biofuels, bioproducts and biorefining bioproducts and biorefining, 2019-09, Vol.13 (5), p.1333-1346 |
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| container_title | Biofuels, bioproducts and biorefining |
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| creator | Gebremariam, Shemelis N. Marchetti, Jorge M. |
| description | This study investigates the effect of market variables on biodiesel production and considers a calcium oxide catalyzed transesterification process. A conceptual process simulation of a plant using Super Pro software was used to vary the economic scenarios and to evaluate the effects of selected variables such as prices of biodiesel, glycerol, oil, alcohol, catalyst, equipment maintenance, labor, and tax variation. Changing the values of these variables led to large effects on the overall economics of the production process. Oil purchasing cost exerted a larger influence on the economic outcome, with an approximately 73% decrease in net present value (NPV) for a 22% increase in the oil purchasing cost. Under optimum conditions the process would be profitable for oil costs below 590US$ ton−1. Varying the equipment maintenance costs produced a smaller effect, which could allow the amount of cost allocated for routine maintenance activities to be increased to sustain the productivity of the process. The study could also provide cutoff values for each variable for economic feasibility of the process at the given market scenario. © 2019 The Authors. Biofuels, Bioproducts and Biorefining published by Society of Chemical Industry and John Wiley & Sons, Ltd. |
| doi_str_mv | 10.1002/bbb.2039 |
| format | Article |
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A conceptual process simulation of a plant using Super Pro software was used to vary the economic scenarios and to evaluate the effects of selected variables such as prices of biodiesel, glycerol, oil, alcohol, catalyst, equipment maintenance, labor, and tax variation. Changing the values of these variables led to large effects on the overall economics of the production process. Oil purchasing cost exerted a larger influence on the economic outcome, with an approximately 73% decrease in net present value (NPV) for a 22% increase in the oil purchasing cost. Under optimum conditions the process would be profitable for oil costs below 590US$ ton−1. Varying the equipment maintenance costs produced a smaller effect, which could allow the amount of cost allocated for routine maintenance activities to be increased to sustain the productivity of the process. The study could also provide cutoff values for each variable for economic feasibility of the process at the given market scenario. © 2019 The Authors. Biofuels, Bioproducts and Biorefining published by Society of Chemical Industry and John Wiley & Sons, Ltd.</description><identifier>ISSN: 1932-104X</identifier><identifier>EISSN: 1932-1031</identifier><identifier>DOI: 10.1002/bbb.2039</identifier><language>eng</language><publisher>Chichester, UK: John Wiley & Sons, Ltd</publisher><subject>Alcohols ; biodiesel ; Biodiesel fuels ; Biofuels ; Biologically grown products ; Calcium ; Calcium oxide ; Catalysis ; Catalysts ; Diesel ; Economic feasibility ; Economic impact ; economic variables ; Economics ; Equipment costs ; Feasibility studies ; Glycerol ; Labour ; Lime ; Maintenance costs ; Markets ; Oil ; Organic chemistry ; Refineries ; sensitivity analysis ; Taxation ; Transesterification ; Variables</subject><ispartof>Biofuels, bioproducts and biorefining, 2019-09, Vol.13 (5), p.1333-1346</ispartof><rights>2019 The Authors. published by Society of Chemical Industry and John Wiley & Sons, Ltd.</rights><rights>2019 Society of Chemical Industry and John Wiley & Sons, Ltd</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3649-f64af8da2226ead41eaf3dfbadf50d7e1366746727f05188889465e2efeebac83</citedby><cites>FETCH-LOGICAL-c3649-f64af8da2226ead41eaf3dfbadf50d7e1366746727f05188889465e2efeebac83</cites><orcidid>0000-0002-9682-7568</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1002%2Fbbb.2039$$EPDF$$P50$$Gwiley$$Hfree_for_read</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1002%2Fbbb.2039$$EHTML$$P50$$Gwiley$$Hfree_for_read</linktohtml><link.rule.ids>314,776,780,1411,27903,27904,45553,45554</link.rule.ids></links><search><creatorcontrib>Gebremariam, Shemelis N.</creatorcontrib><creatorcontrib>Marchetti, Jorge M.</creatorcontrib><title>The effect of economic variables on a bio‐refinery for biodiesel production using calcium oxide catalyst</title><title>Biofuels, bioproducts and biorefining</title><description>This study investigates the effect of market variables on biodiesel production and considers a calcium oxide catalyzed transesterification process. A conceptual process simulation of a plant using Super Pro software was used to vary the economic scenarios and to evaluate the effects of selected variables such as prices of biodiesel, glycerol, oil, alcohol, catalyst, equipment maintenance, labor, and tax variation. Changing the values of these variables led to large effects on the overall economics of the production process. Oil purchasing cost exerted a larger influence on the economic outcome, with an approximately 73% decrease in net present value (NPV) for a 22% increase in the oil purchasing cost. Under optimum conditions the process would be profitable for oil costs below 590US$ ton−1. Varying the equipment maintenance costs produced a smaller effect, which could allow the amount of cost allocated for routine maintenance activities to be increased to sustain the productivity of the process. The study could also provide cutoff values for each variable for economic feasibility of the process at the given market scenario. © 2019 The Authors. Biofuels, Bioproducts and Biorefining published by Society of Chemical Industry and John Wiley & Sons, Ltd.</description><subject>Alcohols</subject><subject>biodiesel</subject><subject>Biodiesel fuels</subject><subject>Biofuels</subject><subject>Biologically grown products</subject><subject>Calcium</subject><subject>Calcium oxide</subject><subject>Catalysis</subject><subject>Catalysts</subject><subject>Diesel</subject><subject>Economic feasibility</subject><subject>Economic impact</subject><subject>economic variables</subject><subject>Economics</subject><subject>Equipment costs</subject><subject>Feasibility studies</subject><subject>Glycerol</subject><subject>Labour</subject><subject>Lime</subject><subject>Maintenance costs</subject><subject>Markets</subject><subject>Oil</subject><subject>Organic chemistry</subject><subject>Refineries</subject><subject>sensitivity analysis</subject><subject>Taxation</subject><subject>Transesterification</subject><subject>Variables</subject><issn>1932-104X</issn><issn>1932-1031</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><sourceid>24P</sourceid><sourceid>WIN</sourceid><recordid>eNp1kEtOwzAQhi0EEqUgcQRLbNik2E7sNEta8ZIqsSkSO8uxx-AqjYudANlxBM7ISXApYsds5qFP88_8CJ1SMqGEsIu6rieM5NUeGtEqZxklOd3_q4vHQ3QU44oQLnjBR2i1fAYM1oLusLcYtG_92mn8qoJTdQMR-xYrXDv_9fEZwLoWwoCtD9uRcRChwZvgTa87l8g-uvYJa9Vo16-xf3cGUtepZojdMTqwqolw8pvH6OH6ajm_zRb3N3fzy0Wmc1FUmRWFslOjGGMClCkoKJsbWytjOTEl0FyIshAlKy3hdJqiKgQHBhagVnqaj9HZbm-666WH2MmV70ObJCVj04rzqmIiUec7SgcfY_pMboJbqzBISuTWSZmclFsnE5rt0DfXwPAvJ2ez2Q__DeFOduY</recordid><startdate>201909</startdate><enddate>201909</enddate><creator>Gebremariam, Shemelis N.</creator><creator>Marchetti, Jorge M.</creator><general>John Wiley & Sons, Ltd</general><general>Wiley Subscription Services, Inc</general><scope>24P</scope><scope>WIN</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7QF</scope><scope>7QO</scope><scope>7QQ</scope><scope>7SC</scope><scope>7SE</scope><scope>7SP</scope><scope>7SR</scope><scope>7ST</scope><scope>7TA</scope><scope>7TB</scope><scope>7TN</scope><scope>7U5</scope><scope>8BQ</scope><scope>8FD</scope><scope>C1K</scope><scope>F1W</scope><scope>F28</scope><scope>FR3</scope><scope>H8D</scope><scope>H8G</scope><scope>H95</scope><scope>H98</scope><scope>H99</scope><scope>JG9</scope><scope>JQ2</scope><scope>KR7</scope><scope>L.F</scope><scope>L.G</scope><scope>L7M</scope><scope>L~C</scope><scope>L~D</scope><scope>P64</scope><scope>SOI</scope><orcidid>https://orcid.org/0000-0002-9682-7568</orcidid></search><sort><creationdate>201909</creationdate><title>The effect of economic variables on a bio‐refinery for biodiesel production using calcium oxide catalyst</title><author>Gebremariam, Shemelis N. ; 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| identifier | ISSN: 1932-104X |
| ispartof | Biofuels, bioproducts and biorefining, 2019-09, Vol.13 (5), p.1333-1346 |
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| source | Wiley Online Library Journals Frontfile Complete |
| subjects | Alcohols biodiesel Biodiesel fuels Biofuels Biologically grown products Calcium Calcium oxide Catalysis Catalysts Diesel Economic feasibility Economic impact economic variables Economics Equipment costs Feasibility studies Glycerol Labour Lime Maintenance costs Markets Oil Organic chemistry Refineries sensitivity analysis Taxation Transesterification Variables |
| title | The effect of economic variables on a bio‐refinery for biodiesel production using calcium oxide catalyst |
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