Abstract
Advancing the value of products derived from insect biomass is a potential way to increase the demand of processing insect as renewable and sustainable resources. Among several species of insect, black soldier fly larvae (Hermetia illucens) is promising biomass source because of its favorable characteristics such as easy cultivation, fast-growing, and worldwide distribution. One problem that could limit the development of insect-based bioproduct is the low market price and displeasing uses for edible food. To overcome this problem, value-added product development is necessary to carried out. Thus, establish an antifungal lotion using extracted materials from BSFL biomass was discussed in this report followed by the economic evaluation and sensitivity analysis. The result reveal that equipment availability in market and raw material readiness espouse the production expediency. From the economic aspect, the direct fixed capital cost (DFC) for a plant of this capacity is around US$3.6 million, or approximately 6 times the total equipment cost. Thus, the net profitability will remain stable even the market price of BSFL might fluctuate in the range of 20%. In contrary, the change in main product price was impactful to the rate of return (ROI), internal rate of return (IRR) and, payback time (PBT) value. The overall result suggests that this project is worthy to being built.
Highlights
Agriculture and food sector are significantly producing large amount of organic waste in the form of biosolids or livestock
For the process evaluated in this study, internal rate of return (IRR) increased with the product selling price increase, but IRR remain constant with fluctuating of BSFL purchasing price
To get the save profitability, the result suggest that the product price need to be necessary not lower than 5.7 USD to maintain the revenue is higher than the total operating cost
Summary
Agriculture and food sector are significantly producing large amount of organic waste in the form of biosolids or livestock. After the demineralization process finish, stream was fed into decanter to separate the bulk amount of water and liquid waste from solid product From this process, we get rich chitin slurry product and fed into 2nd reactor and let the chitin react with NaOH to form chitosan by following the reaction in Eq (2). Process simulators calculate the amounts and compositions of each individual stream (inputs, intermediates and outputs) in addition to calculate the overall mass balance This information provides a useful data for verifying results related to material transformations and separations, liquid and solid waste generation, emissions, equipment capacity requirements, etc (Petrides et al, 2014). Its clearly reveal that the DFC for a plant of this capacity is around US$ 3,6 million, or approximately 6 times the total equipment cost
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
