4.7 Article

Cost analysis of simulated base-catalyzed biodiesel production processes

Journal

ENERGY CONVERSION AND MANAGEMENT
Volume 84, Issue -, Pages 405-413

Publisher

PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.enconman.2014.04.044

Keywords

Biodiesel; Catalyst; Economics; Kinetics; Methanolysis; Simulation

Funding

  1. Ministry of Education and Science of the Republic of Serbia [III 45001]

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The simulation and economic feasibility evaluation of semi-continuous biodiesel production from sunflower oil were based on the kinetics of homogeneously (Process I) and heterogeneously (Process II) base-catalyzed methanolysis reactions. The annual plant's capacity was determined to be 8356 tonnes of biodiesel. The total energy consumption was influenced by the unit model describing the methanolysis reaction kinetics. The energy consumption of the Process II was more than 2.5 times lower than that of the Process I. Also, the simulation showed the Process I had more and larger process equipment units, compared with the Process II. Based on lower total capital investment costs and biodiesel selling price, the Process II was economically more feasible than the Process I. Sensitivity analysis was conducted using variable sunflower oil and biodiesel prices. Using a biodiesel selling price of 0.990 $/kg, Processes I and II were shown to be economically profitable if the sunflower oil price was 0.525 $/kg and 0.696 $/kg, respectively. (C) 2014 Elsevier Ltd. All rights reserved.

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