TECHNO-ECONOMICAL STUDY ON THE PRODUCTION OF HIGH OCTANE GASOLINE IN LIGHT NAPHTHA PLANT

Abstract

The Indonesian government is optimizing the production of high-octane gasoline by utilizing existing ingredients that are plentiful and rarely used in Indonesia to keep up with the rising demand for it. Although light naphtha, a by product of the oil refinery process, has the potential to be transformed into fuel with a high Research Octane Number, its application has not yet been fully realized. The objective of this study is to carry out a study of the economic and technical feasibility of high-octane gasoline plants. A 10,000 barrel/day production potential has been built into the plant. In order to reach the RON objective of 98 for high-octane fuel, light naphtha, which has a Research Octane Number of 73, will need to be increased. The production process includes isomerization, depentanizing, and adsorption. From a technical perspective, this plant can produce high-octane gasoline from light naphtha with RON98. From an economic perspective, the Net Present Value is $ 138,247,252; Internal Rate of Return of 29.38 % per year; Pay Out Time is 3 years 5 months; and Break Even Point is 49 %. Overall, based on technical and economic perspectives, this power plant is feasible.