Abstract

The techno-economic analysis of producing biodiesel from agrarian wastes at optimal condition was carried out. The acid activated empty palm fruit bunch ash (AAEPFBA) catalyzed the methyl ester production. The AAEPFBA catalyst was synthesized from waste palm fruit bunch, and modified with phosphoric acid. The activation was best achieved by adding H3PO4 acid in a ratio of 1:2 (g/ml). The modification of the catalyst increased the alkaline properties and surface area and decreased the particle size and adsorption energy. The process variables of temperature 61.9 °C, reaction time of 3.09 h, methanol/oil molar ratio of 10.2:1, catalyst concentration of 3.14wt%, and agitation speed of 321.54 rpm at a desirability of one gave an experimental optimal yield of biodiesel as 90.3%. Based on the experimental study, 3062 litres (2728 kg) of biodiesel was evaluated annually. The annual operating cost, payback period, and internal rate of return are ₦2201288, 1.5 years, and 7.6%, respectively. The sensitivity analysis of oil purchase cost, biodiesel selling price, and labour cost on Return on investment, PBP, IRR, and Net present value were investigated. In this study, the relative biodiesel selling price is a determinant of the profitability of producing avocado pear seed oil methyl ester. The overall results show that investors can embark on biodiesel production using avocado pear seed oil, and AAEPFBA as feedstocks.

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