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	<title>economic analysis &#8211; Journal of Oil Palm Research</title>
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		<title>ECONOMICAL STUDY OF BIO-BASED POLYBUTYLENE SUCCINATE PRODUCTION FROM OIL PALM BIOMASS</title>
		<link>https://jopr.mpob.gov.my/economical-study-of-bio-based-polybutylene-succinate-production-from-oil-palm-biomass/</link>
		
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		<pubDate>Wed, 18 Jan 2023 08:19:18 +0000</pubDate>
				<category><![CDATA[Vol. 35 (4) December 2023]]></category>
		<category><![CDATA[oil palm fronds]]></category>
		<category><![CDATA[bio-polybutylene succinate]]></category>
		<category><![CDATA[economic analysis]]></category>
		<category><![CDATA[SuperPro Designer®]]></category>
		<guid isPermaLink="false">https://jopr.mpob.gov.my/?p=12780</guid>

					<description><![CDATA[This work demonstrates the economic feasibility of the production of bio-polybutylene succinate (bio-PBS) with 99.69% purity. Based on an extensive literature review, bio-succinic acid (bio-SA) was produced via fermentation from oil palm fronds (OPF), which was then purified via vacuum filtration, evaporated, crystallised and dried to attain 99.27% purity. The purified bio-SA was then hydrogenated [&#8230;]]]></description>
										<content:encoded><![CDATA[<p style="text-align: justify;"><em>This work demonstrates the economic feasibility of the production of bio-polybutylene succinate (bio-PBS) with 99.69% purity. Based on an extensive literature review, bio-succinic acid (bio-SA) was produced via fermentation from oil palm fronds (OPF), which was then purified via vacuum filtration, evaporated, crystallised and dried to attain 99.27% purity. The purified bio-SA was then hydrogenated to produce 1,4-butanediol (BDO), prior to polymerisation with bio-SA to produce bio-PBS via esterification. The mass balance analysis performed with SuperPro Designer<sup>®</sup> showed a negligible error. The proposed design gained profit in a short period of time based on 24.14% internal rate of return (IRR), 6.33 years dynamic payback period (DPP) and RM3366.31 million net present value (NPV). Direct comparison between simulation data and manual calculations showed &lt;25.00% difference, which proved the dependability of the simulation results. Sensitivity analysis predicted that an increment in either bio-PBS’s production rate or bio-PBS and by-products pricing can increase the value of NPV and IRR. However, the increment in raw material price and fixed capital investment (C<sub>FCI</sub>) can lower their values. Collectively, the results highlighted the feasibility of this process on a large scale as it has the potential to generate revenues, ultimately resulting in a sustainable bioplastic industry for packaging applications.</em></p>
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