Profitability Analysis of Soybean Oil Processes
Abstract
:1. Introduction
2. Analysis Methods
2.1. General Assumptions
2.2. Data Inputs
2.3. Cash Flow Calculation
3. Results and Discussions
3.1. Extruding-Expelling Process
3.2. Hexane Extraction
3.3. EAEP
4. Conclusions
Author Contributions
Conflicts of Interest
References
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Extruding-Expelling | Hexane | EAEP * | Citation | ||||
---|---|---|---|---|---|---|---|
Operating cost | Materials | Soybean | $/kg | 0.44 | 0.44 | 0.35 | [17] |
H3PO4 | $/kg | 0.60 | 0.60 | N/A | [18] | ||
Water | $/L | 0.001 | 0.001 | 0.001 | [19] | ||
Hexane | $/kg | N/A | 0.89 | N/A | [15] | ||
NaOH | $/kg | N/A | N/A | 20 | [20] | ||
Protex 6L | $/kg | N/A | N/A | 19.42 | [16] | ||
Utility | Electricity | $/kwh | 0.07 | 0.07 | 0.05 | [21] | |
Steam | $/MT | 12 | 12 | 12 | [18] | ||
Labor | Agricultural machine | $/hr | 13.12 | 13.12 | 14.9 | [22] | |
Extraction | $/hr | 13.12 | 20.86 | 22.49 | [22] | ||
Hazardous material | $/hr | N/A | 20.11 | N/A | [22] | ||
Revenues | Product | Soybean oil | $/kg | 0.94 | 0.94 | 0.81 | [17] |
Soybean hull | $/kg | N/A | 0.21 | 0.21 | [23] | ||
Soybean meal | $/kg | 0.62 | 0.45 | N/A | [17] | ||
Skim | $/L | N/A | N/A | 0.01 | [19] | ||
Insoluble fiber | $/kg | N/A | N/A | 0.60 | [16] |
Investment Year | Capital Investment (CI) | Operating Costs (OC) | Revenues (RS) | Gross Profit (GP) | Tax (T) | Depreciation (DE) | Net Profit (NP) | Net Cash Flow (NCF) | Cumulative Cash Flow (CCF) | Discount Factor (fd) | Discounted Cash Flow (DFC) | Cumulative Discounted Cash Flow (CDC) |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 30% DFC | 0 | 0 | OC-RS | 0 | 0 | GP -T+DE | CI+NP | ∑NCF | (1/1.07)^t | NCF × fd | ∑DFC |
2 | 40% DFC | 0 | 0 | . | 0 | 0 | . | . | . | . | . | . |
3 | 30% DFC + WC + SC | 2 months OC | 2 months RS | . | 35% GP | 0 | . | . | . | . | . | . |
4 | 0 | OC | RS | . | . | 90% DFC | . | . | . | . | . | . |
5 | . | . | . | . | . | . | . | . | . | . | . | . |
13 | . | . | . | . | . | 0 | . | . | . | . | . | . |
14 | . | . | . | . | . | 0 | . | . | . | . | . | . |
15 | WC + SV | . | . | . | . | 0 | . | . | . | . | . | NPV |
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Cheng, M.-H.; Rosentrater, K.A. Profitability Analysis of Soybean Oil Processes. Bioengineering 2017, 4, 83. https://doi.org/10.3390/bioengineering4040083
Cheng M-H, Rosentrater KA. Profitability Analysis of Soybean Oil Processes. Bioengineering. 2017; 4(4):83. https://doi.org/10.3390/bioengineering4040083
Chicago/Turabian StyleCheng, Ming-Hsun, and Kurt A. Rosentrater. 2017. "Profitability Analysis of Soybean Oil Processes" Bioengineering 4, no. 4: 83. https://doi.org/10.3390/bioengineering4040083