Techno Economic Analysis of Biomass to Methanol Plant Based on Gasification of Palm Empty Fruit Bunch
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. How...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2021-01-01
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| Series: | E3S Web of Conferences |
| Subjects: | |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/02/e3sconf_icon-beat2019_00040.pdf |
| _version_ | 1818388880953442304 |
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| author | Heryadi Rudy Muhammad Nur Syukri |
| author_facet | Heryadi Rudy Muhammad Nur Syukri |
| author_sort | Heryadi Rudy |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-14T04:32:52Z |
| format | Article |
| id | doaj.art-ef9ea22973564d6c9b27c0a93fce9bc1 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-12-14T04:32:52Z |
| publishDate | 2021-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-ef9ea22973564d6c9b27c0a93fce9bc12022-12-21T23:17:03ZengEDP SciencesE3S Web of Conferences2267-12422021-01-012260004010.1051/e3sconf/202122600040e3sconf_icon-beat2019_00040Techno Economic Analysis of Biomass to Methanol Plant Based on Gasification of Palm Empty Fruit BunchHeryadi Rudy0Muhammad Nur Syukri1Department of Mechanical Engineering, Bina Tunggal Technology CollegeGraduate School of Renewable Energy, Darma Persada UniversityBiomass 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.https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/02/e3sconf_icon-beat2019_00040.pdfdimethyl etherfeasibility methanol plantrenewable energysyngaswaste to energy |
| spellingShingle | Heryadi Rudy Muhammad Nur Syukri Techno Economic Analysis of Biomass to Methanol Plant Based on Gasification of Palm Empty Fruit Bunch E3S Web of Conferences dimethyl ether feasibility methanol plant renewable energy syngas waste to energy |
| title | Techno Economic Analysis of Biomass to Methanol Plant Based on Gasification of Palm Empty Fruit Bunch |
| title_full | Techno Economic Analysis of Biomass to Methanol Plant Based on Gasification of Palm Empty Fruit Bunch |
| title_fullStr | Techno Economic Analysis of Biomass to Methanol Plant Based on Gasification of Palm Empty Fruit Bunch |
| title_full_unstemmed | Techno Economic Analysis of Biomass to Methanol Plant Based on Gasification of Palm Empty Fruit Bunch |
| title_short | Techno Economic Analysis of Biomass to Methanol Plant Based on Gasification of Palm Empty Fruit Bunch |
| title_sort | techno economic analysis of biomass to methanol plant based on gasification of palm empty fruit bunch |
| topic | dimethyl ether feasibility methanol plant renewable energy syngas waste to energy |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/02/e3sconf_icon-beat2019_00040.pdf |
| work_keys_str_mv | AT heryadirudy technoeconomicanalysisofbiomasstomethanolplantbasedongasificationofpalmemptyfruitbunch AT muhammadnursyukri technoeconomicanalysisofbiomasstomethanolplantbasedongasificationofpalmemptyfruitbunch |