1. Conversion Economics of Forest Biomaterials: Risk and Financial Analysis of CNC Manufacturing.
- Author
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de Assis, Camilla Abbati, Houtman, Carl, Phillips, Richard, Bilek, E.M. (Ted), Rojas, Orlando J., Pal, Lokendra, Peresin, Maria Soledad, Jameel, Hasan, and Gonzalez, Ronalds
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FOREST economics , *FINANCIAL performance , *CELLULOSE nanocrystals , *CAPITAL investments , *BIOMASS conversion , *OPERATING costs - Abstract
Commercialization of cellulose nanocrystals ( CNC) presents opportunities for a wide range of new products. Techno-economic assessments can provide insightful information for the efficient design of conversion processes, drive cost-saving efforts, and reduce financial risks. In this study, we conducted techno-economic assessments for CNC production using information from the USDA Forest Products Laboratory Pilot Plant, literature, and discussions with experts. Scenarios considered included variations related to greenfield, co-location, and acid recovery. Operating costs, capital investment, minimum product selling price ( MPSP), financial performance metrics, and the effect of drying and higher reaction yields on CNC manufacturing financials were estimated for each scenario. The lowest MPSP was found for the co-location without acid recovery scenario, mainly driven by capital investment. Risk analysis indicates 95% probability of manufacturing costs lower than USD 5900/t of CNC (dry equivalent) and a MPSP lower than USD 7200/t of CNC (dry equivalent). Finally, based on our analysis, we provide guidance on process optimizations that can improve the economic performance of CNC manufacturing process. In addition, a risk profile of the CNC manufacturing business is provided. © 2017 Society of Chemical Industry and John Wiley & Sons, Ltd [ABSTRACT FROM AUTHOR]
- Published
- 2017
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