Economic Analysis of Diesel-Fuel Replacement by Crude Palm Oil in Indonesian Power Plants

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/61384399:31130/18:00051912

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Economic Analysis of Diesel-Fuel Replacement by Crude Palm Oil in Indonesian Power Plants

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Economic Analysis of Diesel-Fuel Replacement by Crude Palm Oil in Indonesian Power Plants

Popis výsledku anglicky

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

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

20704 - Energy and fuels

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Energies

ISSN

1996-1073

e-ISSN

—

Svazek periodika

11

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

12

Strana od-do

504-515

Kód UT WoS článku

000428304300032

EID výsledku v databázi Scopus

2-s2.0-85049610201