Engineering and Economic Evaluation of Production of SnO2 Nanoparticles by Microwave-Assisted Green Synthesis

Abstract

The synthesis of nanoparticles from noble metals such as tin (IV) oxide (SnO2) is a research in progress with a very wide application in various fields, such as environmental improvement, gas sensors, catalysis, and lithium-ion batteries. The purpose of this study was to evaluate the economic feasibility of producing tin (IV) oxide (SnO2) nanoparticles using the microwave-assisted green synthesis method on an industrial scale for 10 years by evaluating from an engineering and economic perspective. Various economic parameters are used to analyze economic viability, including Gross Profit Margin (GPM), Payback period (PBP), Cumulative Net Present Value (CNPV), as well as economic variations in sales, taxes, raw materials, labor wages, and utilities to ascertain project viability. Technical analysis to produce 8.54 kg of SnO2 nanoparticles per day shows a total production cost of 1,982,243,613.12 IDR and a total investment cost of 1,732,590,765.12 IDR. The resulting gross profit margin is 39,231,578,268 IDR/year, the profit is relatively economical, so this project can be run for 10 years under ideal conditions. This research is expected to be a reference for technical and economic analysis of industrial scale production of SnO2 nanoparticles.