scholarly journals Techno-Economic Evaluation of Food Waste Fermentation for Value-Added Products

Energies ◽  
2020 ◽  
Vol 13 (2) ◽  
pp. 436 ◽  
Author(s):  
Noor Intan Shafinas Muhammad ◽  
Kurt A. Rosentrater
Keyword(s):  
Economic Impact ◽  
Food Waste ◽  
Fermentation Process ◽  
Flow Analysis ◽  
Value Added ◽  
Processing Plant ◽  
Selling Price ◽  
Discounted Cash Flow ◽  
Distillation System ◽  
Minimum Ethanol Selling Price

Food waste (FW) is one of the most critical problems in the world. Most FW will be sent to landfills, generally accompanying some significant disadvantages to the surrounding environment. Fermentation is considered as another disposal method to deal with FW. In this study, using a techno-economic analysis (TEA) method, an evaluation of the economic impact of three different scenarios of FW fermentation is carried out. A SuperPro Designer V9.0 simulation was used to model a commercial scale processing plant for each scenario, namely, a FW fermentation process producing hydrolysis enzymes and featuring a 2-step distillation system, a FW fermentation process without enzymes, using a 2-step distillation system, and a FW fermentation process without enzymes, using a 1-step distillation system. Discounted cash flow analysis is used to estimate the minimum ethanol selling price (MESP), where the lowest MESP result of $2.41/gal ($0.64/L) of ethanol is found for the second aforementioned scenario, showing that, even without enzymes in FW fermentation, the product cost can be competitive when compared to the other scenarios considered in this study. This project thus reflects a significant positive economic impact while minimizing the environmental footprint of a commercial production facility.

scholarly journals Comparison of acetone–butanol–ethanol fermentation and ethanol catalytic upgrading as pathways for butanol production: A techno-economic and environmental assessment

2021 ◽  
Vol 8 (2) ◽  
pp. 1384-1399
Author(s):  
Estefanny Carmona-Garcia ◽  
Paula Andrea Marín-Valencia ◽  
Juan Camilo Solarte-Toro ◽  
Konstantinos Moustakas ◽  
Carlos Ariel Cardona-Alzate
Keyword(s):  
Environmental Impact ◽  
Fermentation Process ◽  
Value Added ◽  
Abe Fermentation ◽  
Economic Feasibility ◽  
Biofuel Production ◽  
Selling Price ◽  
Butanol Production ◽  
Catalytic Upgrading ◽  
Acetone Butanol Ethanol

Butanol is an important compound used as a building block for producing value-added products and an energy carrier. The main butanol production pathways are conventional acetone–butanol–ethanol (ABE) fermentation and catalytic upgrading of ethanol. On the other hand, the application of biomass as a promising substrate for biofuel production has been widely considered recently. However, few studies have compared different butanol production pathways using biomass as raw material. In light of that, the present work aims (i) to provide a short review of the catalytic ethanol upgrading and (ii) to compare conventional ABE fermentation and catalytic ethanol upgrading processes from the economic and environmental perspectives. Aspen Plus v9.0 was used to simulate both processes. The economic and environmental assessments were carried out considering the Colombian economic context, a gate-to-gate approach, and single impact categories. Considering a processing scale of 1000 ton/d, the conventional ABE fermentation process presented a more favorable technical, economic, and environmental performance for butanol production from biomass. It also offered lower net energy consumption (i.e., 57.9 GJ/ton of butanol) and higher butanol production (i.e., 2.59 ton/h). Nevertheless, the proposed processing scale was insufficient to reach economic feasibility for both processes. To overcome this challenge, the minimum processing scale had to be higher than 1584 ton/d and 1920 ton/d for conventional ABE fermentation and catalytic ethanol upgrading, respectively. Another critical factor in enhancing the economic feasibility of both butanol production pathways was the minimum selling price of butanol. More specifically, prices higher than 1.56 USD/kg and 1.80 USD/kg would be required for conventional ABE fermentation and catalytic ethanol upgrading, respectively. From the environmental impact point of view, the conventional ABE fermentation process led to a lower potential environmental impact than catalytic ethanol upgrading (0.12 PEI/kg vs. 0.18 PEI/kg, respectively).

scholarly journals Economic Evaluation of Combined Heat and Power Integrated With Food Waste-Based Ethanol Production

2021 ◽  
Vol 9 ◽  
Author(s):  
Noor Intan Shafinas Muhammad ◽  
Kurt A. Rosentrater
Keyword(s):  
Food Waste ◽  
Value Added ◽  
Combined Heat And Power ◽  
Industrial Applications ◽  
Integrated System ◽  
Selling Price ◽  
Product Price ◽  
Chp System ◽  
Utility Cost ◽  
Ethanol Ethanol

The concern of food waste (FW) impact on the environment, societies, and economies, has triggered many researchers to find alternative ways to utilize these materials. FW can be high in glucose and other sugars (depending upon the food used) and has the potential to be converted into value-added products such as ethanol. Ethanol is an organic material that has a high demand from different industries for products such as fuel, beverages, pharmaceuticals, and other industrial applications. FW fermentation to produce ethanol may be a promising method, and might results in positive impacts on economies. However, it is a challenge for the product price to compete with that of corn ethanol due to low yield and the inconsistency of FW composition. Thus, to increase the profitability, a conventional fermentation plant integrated with a combined heat and power (CHP) system might be a great combination, and was analyzed in this study. Solid waste stream from the process can be converted into energy and could reduce the utility cost. Therefore, the main focus of this study is to evaluate the economic impact of this integrated system by estimating the minimum selling price (MSP) using techno-economic analysis (TEA) and compare to conventional plants without CHP. Results from this analysis showed that the MSE value for this integrated system was $1.88 per gallon ($0.50 per liter). This study suggests that an integrated system with CHP was found to be more economical and attractive to be implemented on a commercial scale.

scholarly journals Economic Assessment of Bioethanol Recovery Using Membrane Distillation for Food Waste Fermentation

2020 ◽  
Vol 7 (1) ◽  
pp. 15 ◽  
Author(s):  
Noor Intan Shafinas Muhammad ◽  
Kurt A. Rosentrater
Keyword(s):  
Food Waste ◽  
Fermentation Broth ◽  
Energy Requirement ◽  
Flow Analysis ◽  
Economic Assessment ◽  
Membrane Distillation ◽  
Industrial Applications ◽  
Yeast Fermentation ◽  
Selling Price ◽  
Commercial Scale

Ethanol is a material that has a high demand from different industries such as fuel, beverages, and other industrial applications. Commonly, ethanol has been produced from yeast fermentation using sugar crops as a feedstock. However, food waste (FW) was found to be one of the promising resources to produce ethanol because it contained a higher amount of glucose. Generally, column distillation has been used to separate ethanol from the fermentation broth, but this operation is considered an energy-intensive process. On the contrary, membrane distillation is expected to be more practical and cost-effective because of its lower energy requirement. Therefore, this study aims to make a comparison of economic performance on FW fermentation with membrane distillation and a conventional distillation system using techno-economy analysis (TEA) method. A commercial-scale FW fermentation plant was modeled using SuperPro Designer V9.0 Modeling. Discounted cash flow analysis was employed to determine ethanol minimum selling price (MSP) for both distillation systems at 10% of the internal rate of return. Results from this analysis showed that membrane distillation has a higher MSP than a conventional process, $6.24 and $2.41 per gallon ($1.65 and $0.64 per liter) respectively. Hence, this study found that membrane distillation is not economical to be implemented in commercial-scale ethanol production.

scholarly journals Techno-Economic Analysis of a Hyaluronic Acid Production Process Utilizing Streptococcal Fermentation

Processes ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 241
Author(s):  
Rafael G. Ferreira ◽  
Adriano R. Azzoni ◽  
Maria Helena Andrade Santana ◽  
Demetri Petrides
Keyword(s):  
Hyaluronic Acid ◽  
Economic Analysis ◽  
Lower Cost ◽  
Value Added ◽  
Production Costs ◽  
Selling Price ◽  
Baseline Scenario ◽  
Adhesive Properties ◽  
Fed Batch Culture ◽  
Economic Analyses

Hyaluronic acid (HA) is a polysaccharide of alternating d-glucuronic acid and N-acetyl-d-glucosamine residues present in the extracellular matrix of connective, epithelial, and nervous tissues. Due to its singular hydrating, rheological and adhesive properties, HA has found numerous cosmetic and medical applications. However, techno-economic analyses of high value-added bioproducts such as HA are scarce in the literature. Here, we present a techno-economic analysis of a process for producing HA using Streptococcus zooepidemicus, simulated in SuperPro Designer. In the baseline scenario, HA is produced by batch fermentation, reaching 2.5 g/L after 24 h. It is then centrifuged, diafiltered, treated with activated carbon and precipitated with isopropanol. The product is suitable for topical formulations and its production cost was estimated as 1115 $/kg. A similar scenario, based on fed-batch culture and assuming a titer of 5.0 g/L, led to a lower cost of 946 $/kg. Moreover, in two additional scenarios, 10% of the precipitated HA is diverted to the production of a highly pure and high-molecular weight HA, suitable for injectable applications. These scenarios resulted in higher capital and operating costs, but also in higher profits, because HA for injectable use has a higher selling price that more than compensates for its higher production costs.

KEY FACTORS FOR REDUCING LIVE POULTRY LOSSES DURING TRANSPORTATION

2021 ◽  
Vol 113 ◽  
pp. 115-131
Author(s):  
Valery KURGANOV ◽  
Mikhail GRYAZNOV ◽  
Egor TIMOFEEV ◽  
Liliya POLYAKOVA
Keyword(s):  
Mathematical Model ◽  
Factor Analysis ◽  
Economic Impact ◽  
Processing Plant ◽  
Poultry Farm ◽  
Key Factors ◽  
Live Poultry

The results of this study on the loss of live poultry at various stages of delivery from the farm to the processing plant by road are given. A factor analysis of the reasons for the loss of livestock delivered from the farm to the processing plant was carried out. The dependencies of livestock losses on loading delays and the duration of the movement of the loaded poultry farm to the processing plant were established. Methodological recommendations for rationing the number of injuries observed during delivery were developed. The study of losses of live birds during delivery to the processing plant from the density of stocking in shipping boxes was carried out; the economic and mathematical model for optimizing the landing of live birds in shipping boxes was proposed. The calculation of the economic impact of the implementation of the results of the study is given.

INFINITI HR – professional employer organizations

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Susan White ◽  
Karen Hallows
Keyword(s):  
Financial Analysis ◽  
Flow Analysis ◽  
Capital Budgeting ◽  
Discounted Cash Flow ◽  
Content Type ◽  
Analysis And Evaluation ◽  
Academic Level ◽  
Course Of Action ◽  
Basic Capital ◽  
Current Events

Theoretical basis Students need to know basic capital budgeting techniques to value INFINITI and its competitors. Issues include how to: handle taxes in a discounted cash flow analysis when valuing an S Corp. where incentives depend on current (known) and future (unknown) tax provisions; value a firm using comparable multiples analysis and transactions data; assess the costs and benefits of acquiring a firm versus being acquired; and analyze an industry and perform a ratio and financial statement analysis. Research methodology The case information was obtained through interviews with co-founder Mark Schwaiger. In addition, the authors researched industry and comparable company data, along with current events relating to the professional employer organization (PEO). Financial data was obtained from the owners and competitor data was obtained from Thomson One and Bloomberg. Case overview/synopsis INFINITI HR was a PEO providing comprehensive human resources to their clients. Co-founders Scott Smrkovski and Mark Schwaiger were at a crossroads at the end of 2015 trying to determine the best course of action to take with their company to grow and prosper. One option was for INFINITI to be acquired by a larger company and the second option was for INFINITI acquire a smaller company. In this case, students have the opportunity to do a financial analysis and evaluation of INFINITI and its competitors to determine which option is the best. Complexity academic level This case is intended for an advanced undergraduate or an MBA corporate finance class.

Pasture systems to improve productivity of sheep in south-western Victoria 2. Animal production from ewes and lambs

2011 ◽  
Vol 51 (11) ◽  
pp. 982 ◽  
Author(s):  
Geoffrey Saul ◽  
Gavin Kearney ◽  
Dion Borg
Keyword(s):  
Flow Analysis ◽  
Subterranean Clover ◽  
Supplementary Feeding ◽  
Stocking Rate ◽  
Discounted Cash Flow ◽  
Condition Score ◽  
Western Victoria ◽  
Breakeven Point ◽  
Gross Margins ◽  
On Farm

Two pasture systems (Typical, Upgraded) were compared at five on-farm sites across south-western Victoria between 1990 and 1996. The Typical pasture treatment mimicked the pastures common in the region, with volunteer annual-based species fertilised with ~5 kg/ha.year phosphorus (P). The Upgraded pasture treatment was sown to phalaris, perennial ryegrass and subterranean clover using cultivars recommended for the particular area. Higher rates of fertiliser (13–25 kg/ha.year P) plus other nutrients were applied. Both pastures were set-stocked with breeding ewes. The stocking rate on the Typical treatments was based on normal farm practice. Initially, the stocking rate of the Upgraded pastures was 15% higher than the Typical pastures and increased over time depending if the ewes in the Upgraded pastures were heavier than those in the Typical pastures. Measurements included pasture growth, composition and persistence, ewe stocking rates, ewe and lamb liveweights and condition scores, lambing, marking and weaning percentages, fleece characteristics and supplementary feeding. Over the 6 years, the average carrying capacity of the Upgraded pastures was 18.0 DSE (Dry Sheep Equivalents)/ha compared with 10.2 DSE/ha on the Typical pastures (P < 0.001). As well, the ewes on the Upgraded pastures were 2–3 kg heavier (P < 0.001) and 0.3 condition score higher (P < 0.001) than those on the Typical pastures. Ewes grazing the Upgraded pastures cut significantly more wool per head (4.8 versus 4.5 kg) of higher micron wool (23.1 versus 22.6 um, P < 0.001) but with similar yield and strength. There was no difference in the supplementary feeding required on the treatments. Ewes grazing Upgraded pastures had significantly higher lambing (116 versus 102%), marking (86 versus 81%) and weaning percentages (84 versus 79%) and weaned significantly heavier lambs (23.6 versus 22.6 kg) than those on Typical pastures. There was less feed on offer (P < 0.05) in the Upgraded pastures compared with the Typical pastures in autumn–winter but similar or higher levels in spring and summer. Gross margins using current costs and prices were $20 and $24/DSE for the Typical and Upgraded pastures, respectively. These values were used in a discounted cash flow analysis to determine the long-term benefits of the treatments. Assuming a 12-year life for the pasture, the internal rate of return was 27% with the breakeven point in Year 7. Treatment and ewe condition score significantly influenced lambing percentage with ewes in condition score 3.0 at joining having a lambing percentage of 111% compared with 95% if at condition score 2.3. Irrespective of condition score, ewes grazing Upgraded pastures had a 7% higher lambing percentage than those grazing the Typical pastures. Ewe condition score and lambing time significantly affected weaning weight. Lambs born to ewes in condition score 2.3 during pregnancy and lambing in autumn, reached only 32% of mature ewe liveweight at weaning whereas lambs from ewes at condition score 3.0 achieved 51% of mature weight by weaning.

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