Energy Procedia · 2019 · 17 citations · 6 references
AgricultureAgricultural EconomicsEconomicsEnergy EconomicsEnvironmental EconomicsRural EconomicsAgricultural Production EconomicsEconomic AnalysisResource EfficiencyRural Development EconomicsWaste GenerationWaste Management EconomicsBiomass PelletizationCapital Investment AnalysisEconomic Evaluation AppraisalEconomic FeasibilityEconomic Feasibility AnalysisEconomic Performance EvaluationPelletizationResource Efficiency In Agriculture
In this paper, an economic evaluation for agricultural waste pelletization is presented. In the view of a small scale, village level bioenergy system for India, we considered a 2 tonnes/day capacity pelletization plant as base case. The capital investment and annual operating expenses were $41250 and $34282, respectively. The raw material cost shared the largest among all elements of annual operating expenses. The results showed that the pelletization plant appears to be feasible, considering the selling price of pellet is greater than $120 per tonne. Sensitivity analysis showed a strong influence of pellet price on profitability parameters (NPV and IRR). © 2019 The Authors. Published by Elsevier Ltd.This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)Peer-review under responsibility of the scientific committee of ICAE2018 The 10th International Conference on Applied Energy.
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