Life cycle cost and sensitivity analysis of palm biodiesel production

Ong, Hwai Chyuan; Mahlia, T.M.I.; Masjuki, H.H.; Honnery, Damon

doi:10.1016/j.fuel.2012.03.031

Cited by 116 publications

(81 citation statements)

References 30 publications

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“…Results from the analysis indicate that the total life cycle cost of the project is approximately $710 million, giving a unit cost of the biodiesel fuel of $0.696/L of biodiesel. The unit price of $0.696/L of biodiesel is lower than the $0.78/L price calculated in reference [65] for biodiesel from jatropha curcas, however, it is higher than $0.64/L price calculated in reference [63] for biodiesel from palm oil. It is also higher than the retail price of $0.58/L for fossil diesel in Malaysia.…”

Section: Life Cycle Cost Analysis and Payback Periodcontrasting

confidence: 59%

Life Cycle Cost and Sensitivity Analysis of Reutealis trisperma as Non-Edible Feedstock for Future Biodiesel Production

et al. 2017

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Abstract:The use of non-edible, second-generation feedstocks for the production of biodiesel has been an active area of research, due to its potential in replacing fossil diesel as well as its environmentally friendly qualities. Despite this, more needs to be done to remove the technical barriers associated with biodiesel production and usage, to increase its quality as well as to widen the choice of available feedstocks; so as to avoid over-dependence on limited sources. This paper assesses the feasibility of using a local plant, Reutealis trisperma, whose seeds contain a high percentage of oil of up to 51%, as one of the possible feedstocks. The techno-economic and sensitivity analysis of biodiesel production from Reutealis trisperma oil as well as implementation aspects and environmental effects of the biodiesel plant are discussed. Analysis indicates that the 50 kt Reutealis trisperma biodiesel production plant has a life cycle cost of approximately $710 million, yielding a payback period of 4.34 years. The unit cost of the biodiesel is calculated to be $0.69/L with the feedstock cost accounting for the bulk of the cost. The most important finding from this study is that the biodiesel from Reutealis trisperma oil can compete with fossil diesel, provided that appropriate policies of tax exemptions and subsidies can be put in place. To conclude, further studies on biodiesel production and its limitations are necessary before the use of biodiesel from Reutealis trisperma oil may be used as a fuel source to replace fossil diesel.

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Section: Life Cycle Cost Analysis and Payback Periodcontrasting

confidence: 59%

Life Cycle Cost and Sensitivity Analysis of Reutealis trisperma as Non-Edible Feedstock for Future Biodiesel Production

et al. 2017

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“…Equation (10) calculates the maintenance cost, in which the unit maintenance cost m j i (t) is the price to maintain an item. For the non-repairable product, maintenance is to replace the failed items, m j i (t) is the price of the item at time point t. For the repairable product, maintenance refers to the repairs, m j i (t) is often a percentage of the item price [25].…”

Section: Model Analysismentioning

confidence: 99%

A multi-objective optimization model for the life-cycle cost analysis and retrofitting planning of buildings

Wang

Xia

Zhang

2014

Energy and Buildings

157

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The building sector contributes a large proportion of the world's total final energy consumption. As a result, considerable attention has been paid to energy efficiency in the building sector. At the current stage, building retrofitting is the most feasible and cost-effective method to improve building energy efficiency. This paper presents a multi-objective optimization model for life-cycle cost analysis and retrofitting planning of buildings. A Net Present Value (NPV) based economic analysis taking life-cycle cost into account is introduced to formulate the objective functions. In addition, a combination of multiple alternative measures for each retrofitting intervention is considered in determining the optimal solution. The presented model aims at maximizing both energy savings and economic benefits during a selected time frame. It allows decision makers to make best use of the available budget. A Differential Evolution (DE) algorithm is proposed to solve this optimization problem. The result of the case study illustrates the effectiveness of the multi-objective optimization model to support the planning of energy-efficient and cost-effective building retrofitting projects.

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“…As the leading producer and exporter of palm oil in the world, Malaysia has 362 operational oil mills (Mohamed and Lee 2006) as of 2013. These mills process 71.3 million tonnes of fresh oil palm fruit bunches per year, which produces 19 million tonnes of biomass per year in the form of empty fruit bunches, shells, and fibre (Ong et al 2012).…”

Section: Agricultural Residuesmentioning

confidence: 99%

The Prospects of Rubberwood Biomass Energy Production in Malaysia

Ratnasingam¹,

Ramasamy²,

Wai³

et al. 2015

BioResources

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Rubber has been shown to be one of the most important plantation crops in Malaysia, and rubber tree biomass has widespread applications in almost all sectors of the wood products manufacturing sector. Despite its abundance, the exploitation of rubberwood biomass for energy generation is limited when compared to other available biomass such as oil palm, rice husk, cocoa, sugarcane, coconut, and other wood residues. Furthermore, the use of biomass for energy generation is still in its early stages in Malaysia, a nation still highly dependent on fossil fuels for energy production. The constraints for large scale biomass energy production in Malaysia are the lack of financing for such projects, the need for large investments, and the limited research and development activities in the sector of efficient biomass energy production. The relatively low cost of energy in Malaysia, through the provision of subsidy, also restricts the potential utilization of biomass for energy production. In order to fully realize the potential of biomass energy in Malaysia, the environmental cost must be factored into the cost of energy production.

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Life cycle cost and sensitivity analysis of palm biodiesel production

Cited by 116 publications

References 30 publications

Life Cycle Cost and Sensitivity Analysis of Reutealis trisperma as Non-Edible Feedstock for Future Biodiesel Production

Life Cycle Cost and Sensitivity Analysis of Reutealis trisperma as Non-Edible Feedstock for Future Biodiesel Production

A multi-objective optimization model for the life-cycle cost analysis and retrofitting planning of buildings

The Prospects of Rubberwood Biomass Energy Production in Malaysia

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