E3S Web Conf.
Volume 226, 2021The 1st International Conference on Bioenergy and Environmentally Sustainable Agriculture Technology (ICoN BEAT 2019)
|Number of page(s)||11|
|Published online||05 January 2021|
Techno Economic Analysis of Biomass to Methanol Plant Based on Gasification of Palm Empty Fruit Bunch
1 Department of Mechanical Engineering, Bina Tunggal Technology College, Jl. H. Wahab Affan I, Bekasi 17134, West Java, Indonesia
2 Graduate School of Renewable Energy, Darma Persada University, Jl. Taman Malaka Selatan, Pondok Kelapa, Jakarta 13450, Indonesia
* Corresponding author: email@example.com
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.
Key words: Dimethyl ether / feasibility methanol plant / renewable energy / syngas / waste to energy
© The Authors, published by EDP Sciences, 2021
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