Table 15 Computation of biodiesel production cost.
Step | Description | Amount (in USD) |
|---|---|---|
Feedstock | Oil cost for 1 kg of biodiesel production = (quantity × neem oil cost per kg + quantity × animal fat cost per kg + quantity × Jatropha oil cost per kg) = (0.3 * $ 0.84 + 0.3 *$ 0.6 + 0.4 * $ 0.78) | $ 0.75 |
Catalyst dosage consumed for 1 kg of biodiesel | 0.00915 kg | $ 0.022 |
Ethanol required for 1 kg of biodiesel | 0.02953 kg | $ 0.027 |
Processing cost | Transesterification time (h) × units consumed × cost per unit = (1.124 h × 0.8 × $ 0.054) | $ 0.049 |
Net cost (Feedstock + Catalyst + Ethanol + processing) | ($ 0.75 + $ 0.022 + $ 0.027 + $ 0.049) | $ 0.848 |
Overhead cost (10% of net cost) | 10% of $ 0.848 | $ 0.0848 |
Biodiesel production cost per kg | Cost (net + overhead) = 0.848 + 0.0848 | $ 0.9328 |
