Nitamakwuavan, S. and Abd. Rahim, N. (2022) Techno-economic feasibility of biogas renewable energy plant: A case of Malaysian palm oil mill. In: 2022 IEEE Technology and Engineering Management Society Conference - Asia Pacific, TEMSCON-ASPAC 2022, 19 - 22 September 2022, Bangkok, Thailand.
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Official URL: http://dx.doi.org/10.1109/TEMSCON-ASPAC52831.2022....
Abstract
Based on a chosen case study of palm oil mill, this article presents an analysis of techno-economic feasibility of a biogas renewable energy plant as an alternative eco-friendly system of POME treatment that meets technical and economic constraint for business expansion. By using the multi-criteria analysis method, the closed tank system is identified as the most practical biogas trapping system. The economic analysis with 10.56% internal rate of return, payback time at 8.3 years, and net present value of RM 12,187,432.00 show that the biogas renewable energy plant is economically viable. The study also estimates the total avoided pollution of 8,496 t CO2/year for annual electricity production of 14,160 MWh.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | Economic benefit analysis, multicriteria decision making, palm oil mill effluent, renewable energy, sensitivity analysis, sustainability, techno-economic feasibility |
| Subjects: | T Technology > T Technology (General) |
| Divisions: | Razak School of Engineering and Advanced Technology |
| ID Code: | 98906 |
| Deposited By: | Widya Wahid |
| Deposited On: | 08 Feb 2023 05:16 |
| Last Modified: | 08 Feb 2023 05:16 |
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