Economic Analysis of Diesel-Fuel Replacement by Crude Palm Oil in Indonesian Power Plants
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F18%3A77992" target="_blank" >RIV/60460709:41110/18:77992 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31130/18:00051912
Result on the web
<a href="http://dx.doi.org/10.3390/en11030504" target="_blank" >http://dx.doi.org/10.3390/en11030504</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3390/en11030504" target="_blank" >10.3390/en11030504</a>
Alternative languages
Result language
angličtina
Original language name
Economic Analysis of Diesel-Fuel Replacement by Crude Palm Oil in Indonesian Power Plants
Original language description
Indonesia needs to find an alternative fuel to substitute diesel in their power plants in order to reduce the use of nonrenewable energy sources. The Indonesian government has a target to reduce oil fuel consumption while improving the efficiency of energy utilization. Crude palm oil is proposed to be used for this substitution. In this paper, the authors conduct an economic analysis of the replacement of diesel by crude palm oil. To predict future prices, a time series analysis is conducted using AutoRegressive Integrated Moving-Average method. A financial analysis of a specific project (0,75-MW power plant) is conducted using static financial indicators (payback period, return on investment). Results show that replacing diesel with crude palm oil may be profitable. This is especially true for the proposed prospects of diesel price evolution. Analysis shows that the price of crude oil, which is the main factor in the pricing of diesel, may go up. Also, recently Indonesian currency depreciated agains
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
20704 - Energy and fuels
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Energies
ISSN
1996-1073
e-ISSN
—
Volume of the periodical
11
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
12
Pages from-to
504-515
UT code for WoS article
000428304300032
EID of the result in the Scopus database
2-s2.0-85049610201