Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5116373 | Journal of Environmental Management | 2017 | 12 Pages |
â¢Renewable diesel production from catalytic decarboxylation of rubber seed oil.â¢Renewable diesel break-even price is forecasted at 3.45 RM/kg.â¢Renewable diesel retail market price in Malaysia is estimated to be 3.64 RM/kg.â¢Minimum fuel selling price is found to be most sensitive to feedstock prices.
This work describes the economic feasibility of hydroprocessed diesel fuel production via catalytic decarboxylation of rubber seed oil in Malaysia. A comprehensive techno-economic assessment is developed using Aspen HYSYS V8.0 software for process modelling and economic cost estimates. The profitability profile and minimum fuels selling price of this synthetic fuels production using rubber seed oil as biomass feedstock are assessed under a set of assumptions for what can be plausibly be achieved in 10-years framework. In this study, renewable diesel processing facility is modelled to be capable of processing 65,000Â L of inedible oil per day and producing a total of 20 million litre of renewable diesel product per annual with assumed annual operational days of 347. With the forecasted renewable diesel retail price of 3.64 RM per kg, the pioneering renewable diesel project investment offers an assuring return of investment of 12.1% and net return as high as 1.35 million RM. Sensitivity analysis conducted showed that renewable diesel production cost is most sensitive to rubber seed oil price and hydrogen gas price, reflecting on the relative importance of feedstock prices in the overall profitability profile.