Profitability Analysis of Soybean Oil Processes

Thumbnail Image
Date
2017-01-01
Authors
Cheng, Ming-Hsun
Rosentrater, Kurt
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Authors
Research Projects
Organizational Units
Journal Issue
Is Version Of
relationships.hasVersion
Series
Department
Agricultural and Biosystems Engineering
Abstract

Soybean oil production is the basic process for soybean applications. Cash flow analysis is used to estimate the profitability of a manufacturing venture. Besides capital investments, operating costs, and revenues, the interest rate is the factor to estimate the net present value (NPV), break-even points, and payback time; which are benchmarks for profitability evaluation. The positive NPV and reasonable payback time represent a profitable process, and provide an acceptable projection for real operating. Additionally, the capacity of the process is another critical factor. The extruding-expelling process and hexane extraction are the two typical approaches used in industry. When the capacities of annual oil production are larger than 12 and 173 million kg respectively, these two processes are profitable. The solvent free approach, known as enzyme assisted aqueous extraction process (EAEP), is profitable when the capacity is larger than 17 million kg of annual oil production.

Comments

This article is published as Cheng, Ming-Hsun, and Kurt A. Rosentrater. "Profitability Analysis of Soybean Oil Processes." Bioengineering 4, no. 4 (2017): 0083. DOI: 10.3390/bioengineering4040083. Posted with permission.

Description
Keywords
Citation
DOI
Copyright
Sun Jan 01 00:00:00 UTC 2017
Collections