Investigations on evaluation of marine macroalgae Dictyota bartayresiana oil for industrial scale production of biodiesel through technoeconomic analysis

Abstract

The investigation on utilizing macroalgae for industrial scale biodiesel production is an imperative action needed for commercialization. In the present research work, the biooil from marine macroalgae Dictyota bartayresiana was used for biodiesel production using calcium oxide nanocatalyst synthesized using waste collected from building demolition site. The optimization results obtained were the calcination temperature 573 °C, concentration of catalyst 5.62%, methanol to oil molar ratio 14.36:1, temperature 55.7 °C and time 67.57 min for the transesterification with the biodiesel yield of 89.6%. The techno-economic aspects of biodiesel production were investigated for 20 MT/batch. The return on investment and internal rate of return from the biodiesel production plant was found to be 25.39% and 31.13% respectively. The plant payback period was about 3.94 years with a positive NPV value of about 14,053,000 $/yr. Thus, Dictyota bartayresiana biomass can be efficiently used for the sustainable production of biodiesel.