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Techno Economic Analysis of Biomass to Methanol Plant Based on Gasification of Palm Empty Fruit Bunch
- Source :
- E3S Web of Conferences, Vol 226, p 00040 (2021)
- Publication Year :
- 2021
- Publisher :
- EDP Sciences, 2021.
-
Abstract
- Biomass from palm empty fruit bunch (EFB) is considered as potential renewable energy sources to be developed in Indonesia. Palm EFB can be efficiently converted into valuable and useful methanol products through gasification. Research about methanol synthesis from various biomass has been done. However, Little research about methanol production based on palm empty fruit bunch gasification has been found, and no research yet on technoeconomic analysis of methanol plant construction based on palm empty fruit bunch gasification. The purpose of this research is to find early-stage feasibility of small-scale methanol plant model based on gasification of palm EFB. Method methanol plant design, investment cost estimation, operating cost estimation, and calculation to estimate profitability in terms of economic feasibility parameters. Economic analysis calculated that the total investment to build a methanol plant in this study was USD 87 508 479 with manufacturing cost per annum USD 6 127 014. Net Present Value (NPV) calculated was USD -51 721 064 and IRR at 1.1 %. Based on NPV and Internal Rate of Return (IRR) value, the construction of methanol plant is not feasible. Feasibility predicted to be obtained when the capacity of the plant increased fivefold.
- Subjects :
- 020209 energy
dimethyl ether
Biomass
02 engineering and technology
010501 environmental sciences
01 natural sciences
Net present value
chemistry.chemical_compound
feasibility methanol plant
0202 electrical engineering, electronic engineering, information engineering
Operating cost
lcsh:Environmental sciences
0105 earth and related environmental sciences
waste to energy
lcsh:GE1-350
business.industry
Internal rate of return
syngas
Pulp and paper industry
renewable energy
Renewable energy
Waste-to-energy
chemistry
Environmental science
Methanol
business
Syngas
Subjects
Details
- Language :
- English
- ISSN :
- 22671242
- Volume :
- 226
- Database :
- OpenAIRE
- Journal :
- E3S Web of Conferences
- Accession number :
- edsair.doi.dedup.....c999fe72d1f827db28a3bfa4f0f60b0c